London Signs Deal with Asbar for Riyadh Project
A detailed report about Ladun Investment Company signing a real estate development agreement with Asbar Financial Company in Riyadh to carry out a mixed-use project with an estimated value of up to 339 million riyals. The project includes the construction of a hotel, luxury residential units for sale and operation, as well as commercial and administrative spaces, on a total area of 16,844 square meters along Prince Mohammed bin Salman Road. The implementation period is set at 48 months. The company will receive development fees amounting to 10% of the costs, along with performance incentives of up to 10% of the profits exceeding an internal rate of return (IRR) target of 18%.
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