Masar Destination and Alzamel Real Estate Development sign an acquisition agreement with a value of up to half a billion rial
The signing agreement was signed between Mr. Yasser Abutek, CEO of Um Al-Qura Development and Construction Company, and Mr. Abdul Hamid Abdullah Alzamail, Chairman of the Board of Directors of Alzamel Real Estate Development Company. Expressing his satisfaction and gratitude, Mr. Alzamel confirmed that the acquisition is in line with the high aspirations of Alzamel Real Estate Development, as they look forward to the development of the highest level of real estate services and luxury residential solutions. The AlZamel Company will develop top-notch residential apartments for sale that are exclusive and worthy of the upscale Maser destination.
Meanwhile, Mr. Yasser Abutiq, CEO of Um Al-Qura Development & Construction, expressed the company’s eagerness to tie up with Alzamel Real Estate to support the hospitality sector and Masar Destination’s efforts to develop a distinctive residential experience . Meets the needs of the residents and visitors of Mecca.
Masar is an urban destination with a development and investment vision that adopts the highest environmental and community sustainability standards. Masar will be a distinctive landmark that enhances the quality of life of the people of Mecca and its visitors through a wide variety of offerings and capabilities. Its integrated and diverse ecosystem that attracts investment in several key sectors and the quality of its facilities and services will make Mecca an attractive destination that drives long-term investment.
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Source for Umm Al Qura development and construction – Masar Destination
