Saudi Blominvest, a part of Lebanese banking group Blom, has signed up leading developer Maskan Arabia for the construction of the first three phases of its upcoming SR475 million ($127 million) residential project in Riyadh.
Maskan Arabia, a leading construction company in Saudi Arabia, will showcase its latest housing projects at the Riyadh Real Estate and Urban Development Exhibition 2012 (Restatex 2012) which opens today (April 29).
The event, which will ru
Blominvest Saudi Arabia said it has secured a SR290 million ($77.3 million) loan in line with its plan to build 400 housing units in capital Riyadh in collaboration with leading developer Maskan Arabia.
Blominvest is the investment arm of