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FinancialNews


  • 17-11-18

    Saudi Arabia inks 5 housing units development pacts

    (MENAFN) Saudi Arabia's Housing Ministry was announced to have inked five deals on the establishment of housing units in various cities for Sakani beneficiaries.

    The pacts were secured with four real estate development firms, aiming to establish 19,359 housing units in Riyadh, Jeddah, Buraidah and Alkhobar.

    The Saudi housing minister attended the signing ceremony along with the CEO of the National Housing Co. and officials of both the ministry and the Real Estate Development Fund.

    Under the agreements, 10,000 housing units will be constructed in Murooj Jeddah, 8,000 in Jeddah's Luluat Al-Bahar, 1,008 in Riyadh's Tanal, 273 in Alkhobar's Areen, and 78 in Buraidah'sa Basateen Al-Qassim.

    The planned housing units in each city were confirmed to be consisting of villas and townhouses, featuring mosques, parks and government agencies.

    MENAFN1711201800450000ID1097707747

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