Solid Foundation commits to 315M riyals Riyadh projects

Alasas Makkeen Real Estate Development and Investment Company announced the signing of a contracting agreement worth 315 million Riyals with Ittihad Al Thabat Contracting Company, to execute construction and finishing works for residential and commercial projects in Riyadh. The contract includes the contractor's responsibility for implementing projects on a turnkey basis within a period of up to 18 months for each project, with separate budgets and scope of work defined for each. The agreement aims to enhance the company's real estate portfolio and develop spaces totaling up to 65,000 square meters, with gradual financial impacts on its results based on the progress of the work.

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