Riyadh – Mubasher: Saudi Real Estate Co. (Al-Akaria) said its board of directors endorsed on Monday the company’s estimated budget for the fiscal year 2016.
The budget includes an investment plan to build four housing and touristic projects in the period 2016-2018, at an estimated cost totalling SAR 2.6 billion, the company said.
The real estate developer also stated it would start studies and plans for a project northwest of Riyadh over an area of 7 million sqm in preparations for carrying out SAR 2.9 billion worth of infrastructure works.
