Umm Al-Qura signs land deals in Masar
Al Makkah Company for Development and Reconstruction announced the signing of four land sale agreements within the "Misar" project in Mecca, with a total value of 603.76 million riyals, in partnership with Al Diyar Al Arabia Real Estate Development Company. The total area of the lands is approximately 12,160 square meters, distributed across four plots ranging from 2,570 to 3,936 square meters. The transaction is part of the "Misar" destination development strategy, whereby Al Diyar Al Arabia will develop three residential towers and a hospitality tower on the sold lands. This is expected to have a positive impact on the company's liquidity and financial results, with the proceeds being used to finance ongoing projects and working capital.
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