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Asas Makeen commits to 315M riyals for Riyadh real estate projects
Asas Makin Real Estate Development and Investment Company announced the signing of a contracting agreement valued at 315 million Saudi riyals with Ittihad Al Thabat Contracting Company to execute and finish residential and commercial projects in Riyadh. The contract targets the development of built-up areas totaling up to 65,000 square meters and includes a turnkey system with an implementation period of 18 months for each project, starting after approval of the plans by the Ministry of Housing. The financial results of these projects will gradually appear as construction progresses and actual costs are incurred, reflecting the company's expansion strategy in the Riyadh real estate sector.
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