Al-Haram Center Company has launched the public auction for the sale of lands of Al-Haram Commercial and Housing Project in Medina, which includes eight units of land plots overlooking the east side of the Prophet 's Mosque, Al-Hojra al-Sahrifa and Al-Rawda al-Sharifa, reported Al-Sharq al-Awsat newspaper on September 28, 2005.
The project is located on an area of more than 13,000 square meters composed of eight units of land plots, which their areas range between 1302 and 2566 square meters. The project boasts a strategic location in the central area around Al-Haram al-Sharif.
The investments in the project reached approximately 850 million Saudi Riyals ($226 million), representing approximately 34,000 shares, each of them valued by 25,000 Saudi Riyals ($6666). The auction is expected to yield 2.3 billion Saudi Riyals ($613 million).
