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Al-Majdiyah secures Mecca contract
Dar Al-Majid Real Estate Company, as part of a consortium, was awarded the contract for the development of the Eastern Hindawiya site in Mecca, with an estimated cost of two billion riyals. The site is approximately 1.8 kilometers from the Holy Mosque and covers an area of 235,000 square meters. The project aims to create a multi-use urban destination that includes residential, commercial, office, and hotel activities. It will be developed through an investment fund managed by Jadaa Investment Company. The consortium's shares are distributed as follows: Al-Jada Al-Aula for Real Estate Development (45%), Dar Al-Majid Real Estate (35%), and Rukaz Real Estate (20%).
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