| Work Detail |
Number of villas have been increased to 296 from the original 250 units Saudi Real Estate Company (Al Akaria) has entered into a joint venture (JV) agreement with Al Tahaluf Real Estate Company to develop a residential villa project within Al-Akaria Park masterplan in Riyadh. The number of villas has increased to 296, with the development cost at 464 million Saudi riyals ($123.72 million), Al Akaria said in a statement to the Saudi stock exchange. In January, the developer had signed a memorandum of understanding with Al Tahaluf Real Estate for developing 250 residential villa units for SAR 377 million. Al Akaria will commence off-plan sales following regulatory approvals. |
