A real estate investment alliance led by Al-Ajlan and Arab buys a large raw land plot north of Riyadh for 4 billion riyals.

Highly reliable and exclusive sources confirmed to Maaal newspaper that an investment alliance has concluded a major real estate deal worth nearly four billion riyals. According to the exclusive sources, the alliance includes two real estate companies led by Abdullah bin Fahd Al-Ajlan (Al-Ajlan Global) and Engineer Mohammed Talal Arab (Northern Oasis), confirming that this alliance has executed a deal to purchase a million-square-meter plot of land located north of Riyadh. The sources revealed that the land is considered an economic destination of high value, and that full details of the deal are expected to be announced in the coming period. This huge real estate deal follows another real estate deal exceeding two billion riyals on the lands of King Khalid Airport, with a well-known economic facade, which Maaal exclusively reported on in recent weeks, but which has not yet been officially announced.