1 Day
Source:
الاقتصادية
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Masar Auctioning Two Land Plots
Al Maqara Development and Construction Company announced the sale of two land plots within the "Wajhat Masar" project in the Mecca region, with a total value of 462.1 million riyals. An agreement was signed with Mudar Al Thani Company to develop residential units, with the first plot sold for 260.97 million riyals and the second for 201.14 million riyals. This enhances liquidity and improves the company's financial results. The proceeds will be used to finance projects and working capital. The project focuses on a strategic area covering over 1.2 million square meters and includes pedestrian walkways stretching 3.65 km.
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