Saudi Arabia Launched Grand Real Estate Project In Medina

Saudi Arabia Launched Grand Real Estate Project In Medina

RIYADH, Aug 25 (NNN-SPA) – Saudi Crown Prince, Mohammed bin Salman Al Saud, unveiled yesterday, the development plan of a real estate project, east of the Prophet’s Mosque, in the city of Medina.

The Rua Al Madinah Project, which came under the Saudi Vision 2030, was being developed by a namesake company, that was launched under the Saudi Public Investment Fund, and specialises in the development, operation, and real estate investment in Medina.

The project would be 1.5 million square metres in span, with 63 percent of which will be open and green spaces, and was set to add over 47,000 hotel rooms.

The crown prince said, it would expand Saudi’s annual capacity of hosting Umrah pilgrims to 30 million by 2030.

The project would offer integrated transportation solutions, including nine bus stops for visitors, a subway station, tracks for self-driving vehicles and underground parking.

According to Saudi’s General Authority for Statistics, about 6.5 million people, from home and abroad, registered in 2021, to perform the Umrah (Minor Hajj).– NNN-SPA  

administrator

Related Articles