Umm Al-Qura sells land in Mecca for 169M Riyals
Al Quraa Development and Construction Company announced the sale of a 2,500-square-meter land plot within the "Masar" destination in Mecca for 168.91 million SAR, excluding taxes and fees. The plot is located in Zone Two and overlooks the "Boulevard" pedestrian walkway. The purpose of the sale is to develop a residential tower as part of the destination's development strategy, with expectations of a positive impact on the company's liquidity and financial results. The deal was finalized with Ruwajh Real Estate Company on September 15, 2026, and no related parties were mentioned.
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