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London invests 326.7M riyals in Riyadh Nammar infrastructure
Ladun Investment Company announced the signing of a contract valued at 326.7 million riyals to develop the infrastructure of Namar Land in Riyadh. The project includes designing and implementing road networks, water, electricity, and telecommunications across an area of approximately 570,000 square meters. The duration of the construction works is three years, followed by two years of operation and maintenance. The goal is to improve the quality of life and increase the available real estate in the city. It is expected to have a positive impact on the company's profitability during the implementation period.
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