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Addahyya inks 2B riyal loan for housing projects
Al-Diriyah Company announced the signing of a SAR 2 billion financing agreement with the Arab National Bank, aimed at supporting the development of luxurious residential and hotel projects within the Diriyah and Wadi Safar developments. The funds will be allocated to build premium housing units featuring international hotel brands, covering an area of 14 kilometers for the Diriyah project and 62 kilometers for Wadi Safar, which focuses on upscale residences, cultural facilities, and sports amenities. This step is considered a sign of increasing confidence in the Diriyah project, which aims to construct 18,000 housing units to serve around 100,000 future residents, with construction activities continuing at a rapid pace, and contract values exceeding SAR 110 billion.
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