| Element List |
Explanation |
| Introduction |
Sumou Real Estate Company announces signing of Infrastructure development agreement for a land in Riyadh City with Adeer Asar Real Estate Company for area more than 3 million sqm at 2-10-2022 corresponding to 6-3-1444 |
| Date of Announcement of the Award |
2022-10-02 Corresponding to 1444-03-06 |
| Contract Subject Matter |
signing of Infrastructure development agreement for a land in Riyadh city for area more than 3 million sqm with Adeer Asar Real Estate Company |
| Date of Signing the Contract |
2022-10-02 Corresponding to 1444-03-06 |
| Contract Value |
Sumou Real Estate company will receive development fees of 8% from total project costs |
| Contract Details |
signing of Infrastructure development agreement for a land in Riyadh City with Adeer Asar Real Estate Company for area more than 3 million sqm at 2-10-2022 corresponding to 6-3-1444 |
| Contract Duration |
30 months from date of signing of the agreement |
| Financial Impact and the Relevant Period |
The project is expected to have a positive impact from date of signing the agreement |
| Related Parties |
Adeer Asar Real Estate Company (a related party) |
| Additional Information |
N/A |
Comments