Asas Makeen awards $27mln contract for new Riyadh housing project
The contract was awarded to Qemat Hattaba Real Estate Co., the company said in a statement to the Saudi Stock Exchange.
The 18-month contract includes the construction of a residential project spanning 19,590 sq m of land area, featuring 230 units, in the Al-Naseem district.
The deal is expected to positively impact Asas Makeen's results starting from the fourth quarter of 2025, the statement said.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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