Land parcels within the Masar project earmarked for residential and hotel development under the new agreements
Umm Al Qura for Development and Construction Co. (Masar) said that Al-Inma First Development Co. Ltd. and Al-Inma Second Development Co. Ltd. signed two reservation agreements to sell two land plots within the Masar Destination project with Buyout Al-Khomasiah Co.,a special-purpose vehicle (SPV) of a real estate fund managed by BLME Capital, for a total agreed sale value of SAR 216.87 million. 
In a separate statement, Masar said that Al-Inma Second Development Co. Ltd. signed a reservation agreement to sell a land plot within the Masar Destination project to Blominvest Saudi Arabia and Heyazah Real Estate Development Co.for an agreed sale value of SAR 210.76 million, for the purpose of developing hospitality units.
Land parcels within the Masar project earmarked for residential and hotel development under the new agreements
Umm Al Qura for Development and Construction Co. (Masar) said that Al-Inma First Development Co. Ltd. and Al-Inma Second Development Co. Ltd. signed two reservation agreements to sell two land plots within the Masar Destination project with Buyout Al-Khomasiah Co.,a special-purpose vehicle (SPV) of a real estate fund managed by BLME Capital, for a total agreed sale value of SAR 216.87 million.
In a separate statement, Masar said that Al-Inma Second Development Co. Ltd. signed a reservation agreement to sell a land plot within the Masar Destination project to Blominvest Saudi Arabia and Heyazah Real Estate Development Co.for an agreed sale value of SAR 210.76 million, for the purpose of developing hospitality units.
