His Highness Signs Real Estate Deal

Somo Real Estate Company signed a development management contract for a real estate project with ARSH 3 Development Company on behalf of ARSH Real Estate Development Fund 3 in Jeddah. The project is located on a land area of 6,394 square meters. The aim is to constructing a mixed-use building with a built-up area of approximately 57,000 square meters. The company's scope includes managing all development stages, from studies and designs to marketing and selling the units. The contract duration is 36 months, and the project is expected to have a positive impact on the company's results starting from the commencement of work.

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