RIYADH: Makkah Construction and Development Co. has turned into profits of SR86 million ($23 million) in the first half of 2022, from SR14 million losses in the same period last year.
The developer attributed the result to increased revenue of 260 percent to SR201 million for the same period, a bourse filing showed.
This was also helped by the government lifting of all precautionary measures related to COVID-19 which led to an increase in visitor numbers.
