Saudi real estate group breaks ground for new development
The Saudi Bin Saedan Real Estate Group recently embarked on the first building stages of a new development in northern Riyadh. The Group’s SR 91 million ($ 24.26 million) investment will build 404 residential lots, 38 public lots including three mosques, a school and a public park on 400,000 square meters of land. Lots are expected be put on the market by the end of 2002, reported Al-Sharq Al-Awsat .
The new community will be located near the King Khaled International Airport, the headquarters of the industrial Saudi conglomerate SABIC and the Imam Mohammed Bin Saoud Islamic University.
Hamad bin Mohammed bin Saedan & Partners Real Estate Company was established in 1993, concerned with baying, selling and renting Real Estates owned by others as will as private property management. Located first in the Al-Olaya District of Riyadh, Saudi Arabia, the company is currently located in the Al-Morsalat District . — (menareport.com)
© 2001 Mena Report (www.menareport.com)