Medina Municipality unveils mixed-use project
The Medina Region Municipality announced the launch of an investment opportunity to establish, operate, and maintain a multifunctional site along Wadi Al-Aqiq Corniche. This initiative aims to promote urban investment and develop sites with economic appeal. The location is situated in Al-Jumuwat neighborhood, covering approximately 79,317 square meters, with an investment contract lasting 50 years and a grace period of 36 months. The project involves constructing a mixed-use building that will house commercial, administrative, residential, and entertainment activities. It is positioned close to the Prophet's Mosque and benefits from its strategic location characterized by high population density and continuous growth in commercial and service activities, thereby enhancing prospects for sustainable economic returns.
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