Saudi Arabia's Al-Fursan Suburb to Get 589 New Residential Units Worth SR1 Billion from Urbas Middle East Real Estate Co.
Saudi Arabia's Al-Fursan suburb will receive 589 new residential units worth approximately SR1 billion ($266 million) through a deal between the National Housing Co. and Urbas Middle East Real Estate Co., a subsidiary of the Spanish Urbas Group.
The project, which covers 150,000 sq.
m, is a significant milestone in the development of Al-Fursan and sets new standards in property development.
Saudi Minister of Municipal and Rural Affairs and Housing, Majid Al-Hogail, expressed excitement about the international investment and the variety of housing options it will provide for citizens.
The text describes how the Saudi Arabian Minister of Housing, Al-Hogail, was pleased to meet with the CEO of the Spanish company Urbas.
Urbas is set to be one of the companies involved in the development of the Al-Fursan neighborhood project in Riyadh.
This collaboration is part of an effort to bring in international expertise and innovative housing options to Saudi Arabia.
The exchange of experiences between Saudi and international developers is also expected to facilitate growth in the real estate industry.
m, is a significant milestone in the development of Al-Fursan and sets new standards in property development.
Saudi Minister of Municipal and Rural Affairs and Housing, Majid Al-Hogail, expressed excitement about the international investment and the variety of housing options it will provide for citizens.
The text describes how the Saudi Arabian Minister of Housing, Al-Hogail, was pleased to meet with the CEO of the Spanish company Urbas.
Urbas is set to be one of the companies involved in the development of the Al-Fursan neighborhood project in Riyadh.
This collaboration is part of an effort to bring in international expertise and innovative housing options to Saudi Arabia.
The exchange of experiences between Saudi and international developers is also expected to facilitate growth in the real estate industry.
Translation:
Translated by AI
