18 Hrs
Source:
الاقتصادية
Saudi Arabia's Mother of Villages sells Djeddah land plots
Two land plots within the Wajha Masar project in Mecca were sold for a total of approximately 310.44 million SAR, according to announcements from Om Al-Qura Development and Construction Company and Al-Inma Development Second Limited Company. The two plots are located in the second phase of the project and overlook the "Boulevard" pedestrian walkway. Each plot measures about 2,697 and 2,250 square meters, with sale values of 178.24 million SAR and 132.20 million SAR, respectively. The deal was concluded with Abdulmohsen Al-Rasiis Group, with the aim of developing two residential towers. This transaction is expected to positively impact the company's liquidity and financial results, as the proceeds will be used to fund working capital and ongoing projects.
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