Asas Makeen Real Estate Development and Investment Company has announced it has signed an agreement with Tawafuq Al Rimal Real Estate Fund for the development of an integrated residential project in Al Rimal District, Riyadh.
The agreement comes in line with the company’s strategy to expand its real estate projects across Riyadh, and to strengthen its third-party real estate development services through partnerships with landowners and investors, said Asas Makeen in its filing to Saudi bourse Tadawul.
Spanning over a 30,000sqm in area, the residential compound will feature a total of 503-homes, it stated.
As per the US $71.4mn contract, Asas Makeen is responsible for managing and executing the superstructure development works, including oversight of design, planning and project implementation.
The entire work will be completed within a 19-month period, it stated.
Asas Makeen to develop 503-unit residential project Middle East Construction News.
Hence then, the article about asas makeen to develop 503 unit residential project was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Asas Makeen to develop 503-unit residential project )
Also on site :
- In confirmation of failure of US blockade, second cargo ship crosses Strait of Hormuz
- KEO & MHA announce partnership to service growing data centre requirements
- Lebanese resistance bombs positions, gatherings, settlements of Zionist enemy in south & occupied territories