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Saudi Arabia: Big real estate deal reported
Posted: 12-05-2005 , 05:58 GMT
According to Al-Sharq Al-Awsat newspaper, sources in the Saudi real estate sector revealed that the Masoud Real Estate Investment Company, which is owned by Mr. Abdul-Karim Al-Masoud, had purchased Bani Najran market (Al-Haram Al-Madina project) from the Aqar Holding Company. The deal, valued SR 2 billion ($533 million), is one of the biggest real estate deals in Saudi Arabia. Saudi ArabiaThe Bani Najran Market, which area stands at 13,000 square meters, is characterized by a very strategic location since it's situated in the central area surrounding the Al-Haram Sacred Mosque in Mecca.

© 2005 Mena Report (www.menareport.com)

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