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NewsTranscript
00:00 We started to collect investments in the beginning of last year.
00:07 We have reached 40 billion Riyals from the investments that were invested in the project.
00:14 In 2023 alone, we have managed to collect 4 billion Riyals from the investments.
00:21 We have also invested in the housing sector and the hotel sector.
00:31 When do you expect to start the project?
00:41 In the past month of Ramadan, we have opened a part of the streets.
00:51 This was a very successful opening and was able to reduce the traffic in Umm Al-Qura street.
00:56 In 2024, we will open all the roads and the pedestrian crossings.
01:01 We have more than one investor in the ground.
01:11 We have reached a very advanced stage of design and acquisition of permits.
01:14 Hopefully, the start of the project will start soon.
01:18 Tell us about the agreements and the partnerships that you have signed with Cityscape.
01:23 We have signed 5 new agreements with Cityscape.
01:31 We have also signed agreements with 18 hotels and 4 hotels.
01:33 We have also signed agreements with a non-profit organization.
01:36 These agreements will add more investments to the project.
01:42 Hopefully, they will help us to acquire more investments.