Developed Neighborhoods, a program of The Royal Commission for Makkah and Holy Sites, supported and enabled by the Ministerial Committee to address the status of slums in Makkah, announced the launch of the Makkah Vision Real Estate Fund and the start of receiving applications for compensation for property owners (who meet the procedures) at the Kadwa site, estimated at a total of 7 billion riyals.

The fund offers two compensation options for owners, either contributing a share in the development project, or receiving compensation in cash. <The fund offers two options for the compensation provided to the owners, either contributing a share in the development project or receiving the compensation in cash. The program provides comprehensive solutions that address the social, economic, educational and health conditions of the population that contribute to addressing the population imbalance resulting from violations related to residency and labor regulations.

It also seeks to stimulate investment activity to achieve economic development by integrating these sites into real estate development plans and involving the private sector in the development process, in addition to establishing effective mechanisms to limit the emergence of unorganized sites and stop random expansion in existing areas.

<The program invites owners of properties eligible for compensation in the Kadwa site to complete the disbursement procedures (by providing statements of the Real Estate Fund, Agricultural Development Fund, Social Development Bank, electricity and water companies - for each owner, even if there are multiple heirs), and then book an appointment starting from today, Tuesday, April 15, 2025, either electronically via the link: www.rcmc.gov.sa/e-services or the unified phone (8001000041) to obtain compensation in the shares of the contribution or receive the cash value.

The Developed Neighborhoods Program confirmed its commitment to disburse compensation for scheduled payments as soon as the legal procedures are completed, according to a time frame that ensures that all owners receive their rights with ease and ease.

Developed Neighborhoods Program.