View United Real Estate Development Co. Announces Contract Sign Off with Al Shams Holding Company
- Date: 31-Mar-2024
- Source: Mubasher
- Sector:Real Estate
- Country:Saudi Arabia
View United Real Estate Development Co. Announces Contract Sign Off with Al Shams Holding Company
Element List
Explanation
Introduction
View United Real Estate Development Company announces the signing of a contract to develop and sell a residential complex in Riyadh for 110 million riyals
Date of Announcement of the Award
2024-03-28 Corresponding to 1445-09-18
Contract Subject Matter
Developing a residential complex in Riyadh
The Entity with Which the Contract was Signed
Al Shams Holding Company
Date of Signing the Contract
2024-03-28 Corresponding to 1445-09-18
Contract Value
The project's sales value is 110 million riyals
Contract Details
A comprehensive development of the Al-Shams Holding Company project in the Al-Quds neighborhood in Riyadh, with a total area of 8,268 square meters. The project will include residential units consisting of villas, floors, and apartments, and the building surface area is 13,800 square meters.
Contract Duration
16 months from the date of commencement of construction work
Financial Impact and the Relevant Period
The signing of the contract aims to establish a residential real estate project and sell it, and it has a financial impact on the projects under implementation during the period of development, implementation and sale, and it