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Inmar, PIF Unit Sign MoU to Explore Real Estate Project in Saudi Arabia

MT Newswires·10/21/2026 10:35:53
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10:35 AM EDT, 10/21/2026 (MT Newswires) -- Inmar Co. for Real Estate Development and Investment (SASE:9521) and the Public Investment Fund's Rua AlHaram AlMakki signed a memorandum of understanding to jointly explore a potential integrated real estate project in Makkah, Saudi Arabia. The contract took effect on Oct. 15 and will be valid for a period of one year, unless binding agreements are reached earlier, the Saudi Arabian real estate group said Wednesday.