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Saudi real estate developer Al-Akaria on Wednesday said it has awarded a 115.78 million Saudi riyals ($30.87 million) construction contract to Saudi Real Estate Construction Company,
Saudi Real Estate Co. (Akaria) said it signed a contract worth SAR 66.86 million ($17.83 million) with Saudi Real Estate Construction.
Saudi Real Estate Company (Al Akaria) has obtained building permits related to the construction of a 161-unit residential complex in Riyadh for a total cost of SAR 226 million
Saudi developer Al Akaria last week announced plans to set up a new contracting and construction firm, according to a bourse statement.