Saudi Arabia launches grand real estate project in Medina

RIYADH, Aug. 24 (Xinhua) -- Saudi Crown Prince Mohammed bin Salman Al Saud unveiled Wednesday the development plan of a real estate project east of the Prophet's Mosque in the city of Medina.

The Rua Al Madinah Project, which came under the Saudi Vision 2030, was being developed by a namesake company that was launched under the Saudi Public Investment Fund and specializes in the development, operation, and real estate investment in Medina, according to Saudi Press Agency.