Saudi Real Estate Co. (“Al-Akaria”) announces Project Award with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co, to implement the residential complex (Fai Sedra 2) in Sedra district – Roshn, Riyadh
| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Co. (“Al-Akaria”) announces Project Award for the implementation of residential complex “Fai Sedra 2” (310 villas of various sizes) in Sedra district – Roshn, Riyadh with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co., Ltd at a value of SAR 425 million (excluding VAT) |
| Date of Award | 2025-10-15 Corresponding to 1447-04-23 |
| Counterparty | Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co., Ltd |
| Project Value | SAR 425 million (excluding VAT) |
| Project Details | Award of the civil, structural, architectural, MEP, and external works for the “Fai Sedra 2” residential complex in Sedra district – Roshn, Riyadh, comprising a total of 310 villas of various sizes ranging from 250 sqm to 450 sqm, on a land area of 92,450 sqm.
The value of executing the project works amounts to SAR 425 million (excluding VAT). |
| Related Parties | No related parties |
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