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MAKKAH: Projects are being launched in and around Makkah to develop and uplift sites through street lighting, seating areas, and walkways. The CEO of Kidana Development Company, which is behind the initiative, said some areas had already been improved. “Approximately 20 percent, or 500,000 square meters, have been developed in Mina,” Hatim Mouminah told Arab News. ....
Saudi Arabia Forms $266 Million Development Company to Renovate Holy Sites albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia sets up $270m company to develop holy sites RIYADH, January 19, 2021 Saudi Arabia has announced the launch of a new company, Kidana, that will be responsible for the development of holy sites at Makkah and Madinah in the kingdom. The company has an authorised capital of SR1 billion ($270 million), said a report.
Headquartered in Mina, Kidana is the first closed joint-stock company to be owned by the Royal Commission for Makkah and the Holy Sites (RCMC), the Saudi Press Agency reported.
Launching Kidana is the first key step in RCMC’s strategy, which was outlined last September, to develop and maintain the holy sites. ....
Monday, 18 January, 2021 - 08:45 The Royal Commission for Makkah Al-Mukarramah and the Holy Sites (RCMC) launches Kidana, Asharq Al-Awsat Makkah - Asharq Al-Awsat Saudi Arabia has launched a company with an authorized capital of SR1 billion ($266 million) called “Kidana” to develop holy sites in the Kingdom. Kidana will be headquartered in Mina and is the first closed joint-stock company owned by the Royal Commission for Makkah Al-Mukarramah and the Holy Sites (RCMC). RCMC made the announcement on Sunday. Prince Abdullah bin Bandar bin Abdulaziz, chairman of the board of directors at Kidana, explained why it was important to maintain and preserve the two holy cities of Makkah and Madinah. ....