According to Al-Sharq Al-Awsat newspaper, the Al-Mohaisny Real Estate Investment and Development Group has recently put on public offering the Al-Rayyan project plan in Jeddah, which is owned by the Al-Mohaisny Real Estate and Al-Rajhi Corporation.
The project's area stands at 862,000 square meter and it is valued at $66 million. The per stock value was determined at SR 10,000 ($2,666). The Al-Rayyan area is suitable for residential as well as commercial building projects whereby the building license consists of up to 3-storey building projects. The project's location is very strategic since it's situated in the heart of Jeddah city.