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English news

26-Mar-2017

Alanadalus buys c28,241 sqm land plot in Al-Asalah area in Jeddah

Alandalus Property (Alandalus) announced that it had acquired a c28,241 sqm land plot for a total amount of cSAR51mn in Al-Asalah area, in Jeddah. This represents a 25% share in a land plot, with a total land size of 112,966 sqm. The company noted that the purchase was made from an unaffiliated seller. The company is planning to build a shopping centre on the plot, in partnership with the other owners of the remaining 75%.  

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