Saudi-based Al Ramz Real Estate Company has announced that it has acquired a prime 8,600 sq m plot of land in Al Malqa district of the capital Riyadh for the development of a residential project comprising 135 apartments along with premium amenities.
Al Ramz Real Estate said it has signed an agreement with a fund managed by Al Rajhi Capital, a leading financial group in Saudi Arabia, to develop two residential towers on a plot spanning over 6,000 sq m in the King Abdulaziz Road District in Makkah.
Alramz Real Estate has announced that it has signed an agreement with leading Saudi developer Roshn for the purchase and development of two residential plots spanning over a 14,128 sqm area in Riyadh. As per the deal, a total of 240 residential units will come up on these plots.
Saudi-based Alramz Real Estate has announced that it has signed an agreement to establish a SAR2.5 billion ($666 million) shariah-compliant real estate investment fund to develop its residential project - Rabwa Alramz - in Riyadh, with SNB Capital acting as the fund manager.
