Asas Makeen Real Estate Development and Investment Company signed a partnership agreement with Al Rajhi Real Estate Investment and Development Company to develop a modern residential project in the Andalusia neighborhood in Riyadh, with an investment value of one billion Saudi riyals.<br /> <br /> The agreement was signed under the auspices of the Ministry of Municipalities and Housing, and in the presence of His Excellency the Undersecretary of the Ministry, Mr. Abdul Rahman Al-Tawil, emphasizing the importance of the project in supporting the urban development and enhancing quality of life in the capital.<br /> <br /> The project spans 17,800 square meters, with a total built-up area of approximately 137,000 square meters, comprising 665 residential units distributed across 20 residential towers, to be one of the prominent residential projects that provide an integrated environment and meet the aspirations of residents with modern standards. The project is strategically located just 100 meters from the metro station, offering smart mobility options and contributing to a fully integrated modern living environment, in alignment with Saudi Vision 2030's goals for developing sustainable residential communities.<br /> <br /> In this regard, Asas Makeen has expressed its commitment to developing integrated urban communities that align with real estate market developments by delivering high-quality and innovatively designed residential investments. The company affirmed that this project would be a significant addition to sustainable urban development in Riyadh.
Asas Makeen Real Estate Development and Investment Company has signed a contract for the execution of a residential project with First Avenue for Real Estate Development. This is part of the company’s strategy to expand in the real estate development sector by offering quality projects that meet the market needs in the Kingdom of Saudi Arabia.<br /> <br /> The contract involves executing the “Jada Al-Hada” residential project in Riyadh, covering an area of 23,199.09 square meters. The project aims to create residential units with high standards of quality and urban integration, in line with customer expectations, while enhancing the concept of a comprehensive residential experience.<br /> <br /> This collaboration is part of Asas Makeen’s plans to expand its presence in the housing sector and deliver projects that contribute to the growth of the real estate development market and improve the quality of its products. This contract, which spans 15 months, is expected to have a positive and sustainable impact, benefiting both parties.
Asas Makeen Real Estate Development and Investment Company has signed a Memorandum of Understanding with Abdulaziz and Saad Al-Mujil Trading and Investment Company as part of its strategy to expand in the real estate development sector and deliver projects that enhance the quality of life.
Asas Makeen for Development and Real Estate Investment has signed a Memorandum of Understanding with Al-Bait Financial House – one of Kuwait’s leading investment firms – with the aim of developing high-quality residential complexes in Riyadh. The joint investment will focus on land acquisition and development, executing projects that meet the aspirations of the Saudi market.
