The Royal Commission for Makkah City and Holy Sites (RCMC) signed on Tuesday an agreement to establish a SAR 11 billion ($2.9 billion) fund to develop the Al Kidwa area, which is located nearly 500 meters south of the Holy Mosque.
The project will cover an area of 686,056 sq m and include the development of 2,614 properties within the project.
RCMC will facilitate the implementation process by providing alternative solutions for Al Kidwa residents and assisting the fund in obtaining licenses, permits, and approvals required to begin operations.
The agreement was signed on the sidelines of Cityscape Global which witnessed the participation of the RCMC which plays an integrative role with the Holy Makkah Municipality, Kidana, and the country to showcase the projects and investment opportunities of Makkah.
