A part of signing the settlement
Firm introduced Umm Al-Qura for Improvement and ReconstructionBy signing an settlement to order a plot of land for the advantage of an organization Arab landsWith the goal of creating a residential tower, with an funding amounting to 700 million Saudi riyals, to offer greater than 300 residential models, on the sidelines of the corporate’s participation within the Cityscape Worldwide Exhibition in Riyadh.
Based on the corporate’s assertion, this settlement comes inside the technique of Masar vacation spot, to develop high quality initiatives that improve the standard of life and hold tempo with the objectives of Saudi Imaginative and prescient 2030, which displays the continuity of partnership and cooperation in supporting the city sector and enhancing its progress.
The assertion acknowledged that Al Diyar Al Arabiya Firm has a confirmed monitor file in creating lands within the vacation spot.
With the signing of this settlement, this land turns into the thirteenth land owned by the corporate inside the challenge, which displays the depth of the strategic partnership and continued funding in enhancing the vacation spot as one of the vital outstanding growth initiatives within the Holy Capital.
Commenting on this, Mr. Yasser Abu Ateeq, CEO of Umm Al-Qura Improvement and Reconstruction Firm, defined that this settlement is according to our strategic plan to reinforce the place of “Masar” as an built-in city vacation spot, indicating that investing in high quality initiatives contributes to creating sustainable financial worth, and embodies the corporate’s dedication to enhancing the standard of life and enhancing the providers offered to the residents and guests of Mecca.
For his half, the CEO and Managing Director of Arabian Diyar Firm, Mr. Nayef Al-Atawi, expressed his pleasure within the partnership with Umm Al-Qura, stressing that the challenge constitutes a outstanding addition to the corporate’s portfolio in actual property growth.
He mentioned: “We’re pleased with our cooperation with Umm Al-Qura Improvement and Reconstruction in creating this distinguished challenge inside the Masar vacation spot, which is among the most vital growth initiatives within the Kingdom.
This partnership embodies our imaginative and prescient of management and offering trendy actual property merchandise that meet buyer aspirations and hold tempo with nationwide financial transformations.
This cooperation represents a brand new step that displays the event momentum witnessed by Mecca, and confirms the function of the Masar vacation spot as a pioneering platform for attracting qualitative investments that contribute to shaping a up to date city future that helps high quality of life and enhances the standing of the Holy Capital as a renewed international vacation spot.
