Al-Marsad newspaper – SPA: The Royal Commission for the Holy City of Mecca and the Holy Sites signed today an agreement to establish a real estate fund with a capital of 11 billion riyals, with the aim of developing the Al-Kidwa area located south of the Grand Mosque in Mecca, approximately 500 meters away from it, and the area in which it will work is 686,056 square meters. The number of properties is 2614 properties.
The role of the Royal Commission in the agreement establishing the Fund is highlighted as an enabler of implementation, by providing alternative solutions to the residents of Al-Kidwa, and supporting the Fund in obtaining the necessary licenses, permits and approvals to activate its operations.
It is noteworthy that the agreement was signed on the sidelines of the Cityscape Exhibition, in which the Royal Commission for the Holy City of Makkah and the Holy Sites participates through the Makkah Pavilion in an integrated role with the Municipality of the Holy Capital, Kadanah, and Al-Balad Al-Amin to review the most prominent projects of the Holy City of Makkah and investment opportunities.
2023-09-12 11:37:04
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