Dur Hospitality Co. Announces an update on Dur Hospitality Company Announces the Signing of contract of construction of a luxurious residential compound in Riyadh city with Al Murshid Contracting Group Co.
| Element List | Explanation |
|---|---|
| Introduction | With reference to the company's announcement dated 25/5/1443H, corresponding to 29/12/2021, regarding the award and signing of a contract for the construction project of a luxurious residential complex on the company-owned land located on King Khalid Road in Riyadh, with a total area of 30,000 square meters.
Dur Hospitality Co. announces the completion of the luxurious residential complex project in Riyadh under the name ( DARRAQ AL HADA ) The construction certificate have been received, and the project's entered to the operational phase. This project aligns with the company's expansion strategy in developing high-quality residential and hospitality projects. It also reflects the increasing demand for luxurious residential complexes in Riyadh, in line with efforts to enhance the quality of life in the Kingdom, as part of the objectives of Vision 2030. |
| Previous Announcement | Dur Hospitality Company Announces the Signing of contract of construction of a luxurious residential compound in Riyadh city with Al Murshid Contracting Group Co. |
| Date of Previous Announcement on Tadawul's Website | 2021-12-29 Corresponding to 1443-05-25 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | Note applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Note applicable |
| Additional Information | The expected positive financial impact of this project will start from the fourth quarter of 2023.
The DARRAQ AL HADA luxury residential complex is distinguished by its strategic location near the diplomatic quarter and includes 75 fully furnished and equipped villas that reflect the elegance and upscale lifestyle. The complex also enjoys complete privacy and modern technology that makes it a smart complex, and the complex also contains entertainment and sports facilities. |
Comments