7,000 central Makkah properties to be torn down
Billions of dollars worth of houses to be demolished for ring roads
More than 7,000 properties in Makkah will be demolished in 2012 to make way for the Grand Mosque expansion and the development of the Holy City, city officials have said.
The chairman of the real estate committee at the Makkah Chamber of Commerce and Industry said that around 3,000 of these units, worth approximately $10.6bn, would be seized as part of a project by King Abdullah to develop Makkah.
Another 4,000 houses are set to be demolished to make way for the construction of a parallel road from the western side of the Grand Mosque.
“About 1300 real estate units will be demolished next year after their value is evaluated for the construction of a second ring road while the remaining 2,700 houses will be demolished to make way for the first ring road and other development projects,” said Mansour Abu Rayyash in a report first carried by the Al Eqtisadiah newspaper.
The chairman of the committee explained that the real estate units that would be seized for the second ring road would be those lying at the extension of the road joining the Al Biban area and Al Kaaki bakeries.
“Real estate in this area is very expensive and the value of the houses to be seized and demolished may range from $3.99-5.33bn,” he added.
A further 1,700 units will also have to make way for the construction of the first ring road, power plants and other service facilities, he said.