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Tilal Al Riyadh Compound- Al Malqa District
Overview
Establishing and developing a commercial complex located at Tilal Al Riyadh scheme in Al Malqa District, Riyadh, on a land area of 21,561 square meters. The complex includes various commercial spaces dedicated for restaurants, cafes, and retail services.
Project Information
- Real Estate > Landlords and developers
- A contract was signed with the Ramooz Engineering Consulting Office, at a sum of 2.34 million riyals.
- The company announced that an initial agreement has been signed with Liwan Trading and Contracting Company during the second quarter of 2020, and the official signing of the final development agreement between the two companies is expected during 2021.
- The design work for the project is currently being finalized and work is underway to communicate with the Riyadh Municipality to obtain the necessary licenses, and development work is expected to begin in 2021.
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In 2021, the company announced that it started the engineering designs work, and the development team is finalizing the design idea for the project with Benoy International Company to obtain the necessary initial approvals to get permission to commence construction and building works.
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In Q4 2023 investor presentation, the company revealed that the project is expected to be
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On April 1, 2024, the company announced that it signed a SAR 159.6 million contract with its 100%-owned subsidiary, Saudi Real Estate Construction Co. (Tamear), to implement the project’s civil, structural, architectural, electromechanical and external works.
Owners
Related Parties
Project Developments
Al Akaria signs SAR 159.6M deal for Tilal Al Riyadh project Argaam02/04/2024
A look at Al Akaria ongoing projects, future developments Argaam Special14/04/2022
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