Al-Dun to develop Al-Khalidiya in Mecca

Ladan Investment Company has announced the signing of a memorandum of understanding to develop the informal Al-Khulaidiya area in Mecca. The development will include a comprehensive project involving the establishment of a real estate investment fund valued at over 4 billion riyals. The project's goal is for the fund to acquire land, develop infrastructure, subdivide the land, and sell it, with equal participation from partner companies. The fund's operational period is expected to be up to five years, extendable. The project is anticipated to generate profits for the company starting in 2027.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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