01:05 AM EST, 11/11/2026 (MT Newswires) -- Makkah Construction and Development Co. (SASE:4100) signed a 25-year land lease with Al Balad Al Ameen for Development and Urban Regeneration to upgrade a park in Saudi Arabia. The Al Misfalah Park in Makkah will be developed to combine green spaces with commercial and recreational activities, the Saudi Arabia-listed construction group said Wednesday. Annual rent is 25.8 million Saudi riyals, excluding VAT, with a 10% increase every five contractual years. The lease also includes a 30-month grace period spread over the first five years.

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