Deal signed ... company officials at the ceremony.
$1.6bn houses for Makkah
01 March 2007
A $1.6 billion mega project, consisting of a large number of housing units, will be developed in Makkah.
This is a joint venture between Dubai-based Cayan Investment and Development Company and Baraka Real Estate of Saudi Arabia.
The real estate project will come up on 5 million sq m of land located in Makkah and the Cayan-Baraka agreement consolidates the resources and expertise of two companies.
The project will also feature superior amenities including a large mosque, shopping and entertainment centres as well as world-renowned restaurant chains.
Other facilities and services include car-parking, housing for drivers and round-the-clock security.
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