Saudi Real Estate Co. plans to spend SAR 5.5 bln on projects through 2018

16/12/2015 Argaam

Saudi Real Estate Co.’s board approved on Monday an investment plan to spend SAR 5.5 billion on projects in the next three years, the company said in a statement to the Saudi bourse, Tadawul.

 

Between 2016 and 2018, the company will construct four residential and tourist projects at a total cost of SAR 2.6 billion. It’s also expected to start its SAR 2.9 billion Alwasil project; a development which will be built over seven million square meters northwest of the Saudi capital, Riyadh.  

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