INSEAD-Day

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Al Zamil buys tower for $133m

  • The company aims to provide high quality development services for luxury housing solutions to support the accommodation and hospitality sector
  • Masar Makkah was developed by Umm Al-Qura Co. for the development and construction of services and amenities to serve Makkah residents

Al-Zamil Real Estate Development Co. has bought a residential tower in Makkah from Umm Al-Qura Development and Construction Co. for the sum of $133 million.

The company aims to provide the best levels of real estate development services for luxury housing solutions to support the accommodation and hospitality sector.

Masar Makkah was developed by Umm Al-Qura Co. for the development and construction of services and amenities to serve Makkah residents, visitors and pilgrims and facilitate their access to the Grand Mosque.