Saudi Real Estate Company (Al Akaria) has purchased land under a development obligation with Public Investment Fund-backed ROSHN for 323.7 million Saudi riyals ($86.09 million).
The 92,450 square metre land, comprising 290 plots, falls within the packages C1, C2 and C3 in Phase 2A of Sedra masterplan development in Riyadh, Al Akaria said in a statement to the Saudi stock exchange.
The developer will build a wide range of residential…
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