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Jabal Omar Development Project in Mecca on Schedule, Watan Says

April 23 (Bloomberg) -- Jabal Omar Development Co.’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 gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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