Al-Majidiyah to Develop Residential Towers for 395.8M Riyals
Dar Al-Majid Real Estate Company announced the signing of an agreement to develop two residential towers within the Wajhat Masar project in Mecca, with an approximate value of 395.8 million SAR. The project will be built on a land area of 6,614 square meters. The agreement encompasses management, planning, design, and construction tasks, with an execution period of 30 months from the issuance of the building permit. Its financial results will gradually impact the company's financial performance as the project advances. It is worth noting that the company's CEO has a direct connection to this agreement, as he holds a stake in Real Estate Investment Fund 9, which is responsible for the development.
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