Saudi Arabia’s Knowledge Economic City has signed an agreement with Almajdiah and Capital Hill for the development of a new residential project in Madinah at an estimated cost of SAR2.8 billion ($738 million). The project will boast around 2,700 residential apartments as well as 8,000 sqm net leasable commercial space.
Dar Al Majed Real Estate Company (Al Majdiah), a leading Saudi real estate developer and community builder, Al Majdiah has posted a nine-month (9M) revenue growth of 16.1% to $691.7 million.
