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Umm Al-Qura signs land sale deal in Mecca
The Am Al Qura Development and Construction Company announced that it has signed an agreement to sell a plot of land in Mecca worth 183.74 million SAR to Makyoun Urban Developers. The land is located in Zone Two of the "Masar" development project, with an area of 2,750 square meters and overlooking the Boulevard, with the aim of developing a dedicated hospitality tower. The company will utilize the proceeds from the sale to strengthen liquidity and finance existing projects, expecting a positive impact on financial results, while confirming that there are no related parties involved in the transaction.
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