Saudi Al Akaria increases number of housing units in Riyadh project to 296

Saudi Al Akaria increases number of housing units in Riyadh project to 296

Saudi Real Estate Company (Al Akaria) has increased the number of residential units within Al-Akaria Park in Riyadh to 296.

The total development cost is estimated at 464 million Saudi riyals ($123.71 million), the developer said in a statement to the Saudi stock exchange.

The statement did not give the number of units initially planned.

Earlier this month, Al Akaria’s subsidiary Saudi Real Estate Infrastructure Company (Binyah) was awarded a SAR 544.10 million ($145.01 million) contract by Diriyah Gate Company to design, construct, test and commission Northern Cultural District's P3 car park project.

(Writing by D Madhura; Editing by Anoop Menon)

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