Saudi-based Hamad Mohammed Bin Saedan Real Estate has announced that it has awarded the construction contract for its prime project - HS Residences 2 - in Al Arid District in Riyadh. Spanning 6,030 sqm area, it features 60 modern residential units along with key amenities.
Hamad Mohammed Bin Saedan Real Estate said it has signed a deal with Bloom Investment Saudi to establish a real estate investment fund focused on warehouses in Riyadh. The new 'HS Logistics Fund' will aim to acquire prime plots spanning about 130,276 sq m in the Saudi capital for these logistics projects.
