View United Real Estate Development Co. Announces Contract Sign Off with Al Shams Holding Company

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