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The development on Hudayriyat Island will include 735 villas, ranging in size from 350m² to 2,700m².
The deal will enable Semapa to pursue new investments while Molins expands presence in the international cement sector.
La Mazzoni marks the company’s second project on Al Marjan Island following Oceano.
The capital expenditure allocation for 2026 marks an increase of €2bn from that in the 2025 Budget.
