Thakher sells over SAR 1.5 bln lands in Makkah

Logo of Thakher Development Co.

Thakher Development Co., the master developer of Thakher Makkah project, sold several land plots within its project in the holy city, including three hotel-residential towers, at a value exceeding SAR 1.5 billion, according to a statement.

The company signed an agreement with Madar Investment Co., which purchased land plots to develop two hotel towers.

Another agreement was signed with Enwan Real Estate Development Co., which also purchased a land plot to build a hotel-residential tower.

These new cooperation deals came amid great activity and a boom in Makkah’s real estate sector, thanks to the support and directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman, said the company.

It stressed that the new agreements contribute to serving Makkah visitors. This is besides supporting the ambitious aspirations of the Kingdom's Vision 2030 and its main pillars, which are a vibrant society, a thriving economy, and an ambitious nation.