Breaking News

Citic Pacific to Acquire Parent's Assets for 226.9 Billion Yuan

Jabal Omar Development Project in Mecca on Schedule, Watan Says

Jabal Omar Development Co. (JOMAR)’s real- estate development project in Saudi Arabia’s holy city of Mecca is proceeding on schedule, al-Watan newspaper reported, citing Chairman Abdul Rahman Faqih.

The company has rented 48 shops for a value of 62 million riyals ($16.5 million) a year in an area of the development on Ibrahim al-Khalil street, the newspaper reported, citing Faqih.

To contact the reporter on this story: Glen Carey in Riyadh at

To contact the editor responsible for this story: Andrew J. Barden at

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.