Al Akaria awards 2 projects in Riyadh for SAR 763.8M

Saudi Real Estate Co. (Al Akaria) announced the award of a SAR 338.78 million (excluding VAT) contract for the Narjis Business Park project in Riyadh’s An Narjis to Saudi Real Estate Construction Co. (Tamear).

In a statement to Tadawul, the company said the project included a variety of rental spaces such as offices, restaurants, outdoor areas, and landscaped zones. It will cover civil, structural, architectural, electromechanical, and external works.

The company confirmed that no related parties are involved in the project.