Sumou signs deal to develop SEDCO Capital Sumou Al Ramal in Riyadh

Sumou Real Estate Co. headquarters

Sumou Real Estate Co. signed an agreement with SEDCO Capital to develop and execute infrastructure for the SEDCO Capital Sumou Al Ramal project in Riyadh, covering an area of 240,000 square meters.

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In a statement to Tadawul, the company said the contract is valued at SAR 26.4 million, with a duration of 24 months, starting from the Riyadh Municipality's commencement authorization.

Sumou expects the project to have a positive impact on its results upon completion and operation.