Madinah allocates land for Red Sea project
The Red Sea International Company announced that it has received land in Medina to develop and operate a mixed-use building, following the completion of procedures with the region's municipality. Development work began in the first quarter of 2026. The company also stated that the contract officially became effective on July 1, 2026, and the financial impact has started to be reflected since then, following the commencement of development activities.
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