The real estate and construction sectors in Makkah and Madinah are undergoing a significant transformation, driven by Saudi Arabia’s Vision 2030 – which aims to diversify the national economy and to increase religious tourism – and the recent opening of the property markets of these holy cities to foreign investment.
ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, has announced that it has sold 60 per cent of the first sales offerings for ALMANAR, its inaugural fully-integrated residential community in Makkah.