Introduction
Saudi Gulf News: Al Majdiah Real Estate (Dar Al Majed) has signed a contract with Emarna Contracting Company. The total value of contract is SAR 77 million. This is residential project named "Al Majdiah 174" located in Al Nada District of Riyadh. The purpose of this project is to provide modern facilities to families and to take care standard, quality, and safety. Al Majdiah has been working since 1969 and it is maintaining it's same standard.
Key Project Detail
Feature |
Description |
|
Project
Name |
Al Majdiah
174 |
|
Location |
Al-Nada
District, Riyadh |
|
Total
Units |
226
Residential Units |
|
Number of
Buildings |
8 Residential
Buildings |
|
Contract
Value |
SAR 77
Million (Excluding VAT) |
|
Contractor |
Emarna
Contracting Co. |
|
Duration |
12 Months
(Turnkey basis) |
Key Points of This Project
- This project is located near King Salman Road and King Khaled International Airport.
- Separate lounge, Gym, Concierge service, and Mail room services are available for each area of project.
- The unit is designed by keeping in mind a high privacy of entrance.
- Al Majdiah has developed more than 1300 buildings and more than 2.5 million square meter area has developed till now.
Impact of This Project
It is expected a positive impact on Al Majdiah's financial result. This project will not only fulfill housing needs of Riyadh but also it will make a strong market position of company. More than 70000 people will benefit from this housing project.
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