Asas Makeen pens SAR 99.7M contract for Riyadh residential project

Logo of Asas Makeen for Real Estate Development and Investment Co.

Asas Makeen for Real Estate Development & Investment Co. signed a contract worth SAR 99.72 million (VAT included) with Qemat Hattaba Real Estate Co. to implement a residential project in Al-Naseem District, Riyadh.

 

In a statement to Tadawul today, July 21, the company said the 18-month contract entails implementing a residential project on a land area of 19,590 square meters. The project includes the development of 230 residential units, incoporating the highest standards of quality and urban integration.

 

For more news and details on the projects

 

The company also highlighted that this step aligns with its strategic direction to expand within the real estate development sector. This is by delivering high-quality projects that meet the Saudi market’s needs, while also scaling up local residential offerings.

 

The contract is expected to positively impact Asas Makeen’s results starting from the fourth quarter of 2025.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request