4 Hrs
Source:
الاقتصادية
Kadben Real Estate in Saudi Projects Worth 2 Billion Riyals
Kadden Real Estate Company plans to increase its project share in Saudi Arabia from two billion riyals to over that amount within five years. The company is working on projects with a total value ranging from 10 to 11 billion riyals, with a strong focus on the industrial and logistic sectors, which represent about 50% of its investments. Its projects include residential, commercial, and office developments, with an aim to reach a leasing area of 1.5 million square meters within three years. Additionally, it has begun developing the "Moltaka Al-Madina 2" project, which includes office, commercial spaces, and more than 1,500 residential units. The completion of this project is expected to take five years, with a potential increase in demand for real estate in Madinah, especially with the law allowing foreigners to own property there.
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