The Ministry of Commerce and Industry, represented by the Real Estate Contributions Committee, has completed the liquidation of the Al-Safwa development in Riyadh, stating that it generated profits estimated at more than 990 million riyals.

Last May, the committee sold a portion of the Al-Safwa development in Riyadh for a total value exceeding 400 million riyals. It decided to sell the remaining portion of the development because the owner failed to adequately cooperate in establishing a clear mechanism and timeline for the sale.