Umm Al-Qura Signs Land Sale in Masar
Al Malka Development and Reconstruction Company announced the signing of an agreement to sell a land plot in the "Masar" destination in Mecca, valued at 183.74 million SAR, in favor of Makyoon Urban Developers. The land is located in Area Two, covering an area of 2,750 square meters, and overlooks the main pedestrian corridor, "The Boulevard." Makyoon will develop a tower dedicated to the hospitality sector on the plot. The sale will help boost liquidity and finance projects, with expectations of a positive impact on the company's financial results. This deal is part of the strategy to develop the "Masar" destination and is carried out without related parties, aiming to enable property developers to undertake projects in the area.
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