Al Akaria seals framework agreement with state security

03/09/2018 Argaam

 

Saudi Real Estate Co. (Al Akaria) has inked a framework agreement with the Presidency of State Security to provide integrated realty services, according to a bourse filing.

 

These services would include managing projects, undertaking infrastructure developments, in addition to operation and maintenance services. Al Akaria would also manage the facilities of the presidency projects all over 100 sites in the Kingdom.

 

“Al Akaria launched a new business model based on managing real estate investments, real estate developments, JVs and affiliated units,” chairman Abdul Rahman Al Mofadhi said

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