20 Hrs
Source:
Sharjah24
He aimed to enter Saudi market with 49B dirhams in land assets
Arada Company has announced the launch of its new branch, "Arada Saudi Arabia," focused on real estate development in the Kingdom in partnership with Extopia. The project aims to develop expansive urban communities across strategic locations in Riyadh, Jeddah, and Mecca, through a land portfolio valued at 49 billion dirhams, spanning an area of 10 million square meters. The company's initial projects include a residential master plan worth 14 billion dirhams in the Al-Riyadh neighborhood northeast of Riyadh, featuring approximately 3,500 villas, a commercial area, and community facilities covering 2.5 million square meters. The initiative seeks to meet housing needs and align with national development visions within the framework of Saudi Vision 2030. The company anticipates that the project will contribute to enhancing Riyadh's position as one of the best cities to live in by improving green spaces and providing fully integrated communities.
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