13 Hrs
Source:
معلومات مباشر
Source: معلومات مباشر
13 Hrsمعلومات مباشر
Source: معلومات مباشر
13 HrsReady to play
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Sumou Real Estate Company signed three agreements with Saudi Downtown Company to develop, construct, market and sell residential projects within the “Khobar Downtown” project: mid-rise towers north of the boulevard, a high-rise residential tower, and mid-rise buildings south of the boulevard. Saudi Downtown will provide the land, while Sumou will make a partial investment and finance the remainder from off-plan sales proceeds. In return, Sumou will receive a development management fee equal to 6.5% of development costs, marketing and sales fees equal to 2% of sales, and a 32% share of net profits. The agreements run for 48 months. Sumou expects them to have a positive impact on its results once they take effect and implementation begins.
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