Latest news with #QematHattaba
Zawya
22-07-2025
- Business
- Zawya
Asas Makeen awards $27mln contract for new Riyadh housing project
Saudi-listed Asas Makeen for Real Estate Development and Investment Co. has signed a 99.72 million Saudi riyal ($26.58 million) contract to build a residential project in Riyadh. 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) (
Argaam
21-07-2025
- Business
- Argaam
Asas Makeen pens SAR 99.7M contract for Riyadh residential project
Asas Makeen for Real Estate Development & Investment Co. signed a contract worth SAR 99.72 million (VAT included) with Qemat Hattaba Real Estate Co. to implement a residential project in Al-Naseem District, Riyadh. In a statement to Tadawul today, July 21, the company said the 18-month contract entails implementing a residential project on a land area of 19,590 square meters. The project includes the development of 230 residential units, incoporating the highest standards of quality and urban integration. The company also highlighted that this step aligns with its strategic direction to expand within the real estate development sector. This is by delivering high-quality projects that meet the Saudi market's needs, while also scaling up local residential offerings. The contract is expected to positively impact Asas Makeen's results starting from the fourth quarter of 2025.
