The auction «industrial diversification» reaps 400 million within hours
An auction selling plots of land in the "industrial diversification" plan in the eastern region reaped sales that exceeded 400 million riyals within hours of it being put up for sale in Seif Hall in Al-Khobar by 600 riyals per square meter. The plan is located on an area of 893,913 square meters and contains 150 mixed-use plots and spaces.
Ajlan Al Ajlan - Chairman of the Ajlan & Bros Group Board of Directors - said that the large presence and qualitative turnout of businessmen and investors to own industrial plots reflects the trend to achieve the goals of the Saudi Vision 2030 launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Deputy Crown Prince and Chairman of the Council of Economic Affairs And development in the Kingdom and the aspirations of His Highness announced for the industrial orientation as an alternative to depleted oil.
He added: The plan is designed to meet the needs and services of industrial and commercial entities in the Eastern Province, indicating that the rush of investors gives strong indications of the strength and durability of the Saudi economy in general and the real estate market in particular.