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.
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.
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.
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.
11 ديسمبر
