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معلومات مباشر
Source: معلومات مباشر
18 Hrsمعلومات مباشر
Source: معلومات مباشر
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Makkah Construction and Development Company has signed a 25-year lease with Al-Balad Al-Amin Company for the land occupied by Al-Masfalah Park in Makkah. The annual rent is SAR 25.8 million, increasing by 10% every five years, with a total grace period of 30 months. The land covers more than 109,000 square meters. The company plans to develop it into a tourism and commercial destination featuring green spaces, shops, restaurants, seasonal kiosks, a mosque, and facilities for family gatherings. The company said the financial impact will become apparent once development is complete and operations begin. It expects the project to diversify its income sources and boost investment revenues.
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