According to a press release, Tatweer Company has paid more than SAR 750 million for an industrial plot in a prime location in Riyadh.
The industrial land, which measures approximately 74,000 square meters, was acquired during the Rikaz Auction. It is located in the Al Rahmaniyah neighborhood on Al Orouba Street, just one kilometer (km) from the Kingdom Tower and approximately three kilometers from the Al Faisaliah Tower.
The company intends to use cutting-edge global standards and technologies in construction and urban planning to achieve environmental balance and ensure future project sustainability.
Hezam bin Saidan, the Managing Director of Tatweer, commented: “We at Tatweer are proud of this achievement, which signifies the great trust the company enjoys in the real estate market in the Kingdom.”
“It represents a significant expansion of our real estate portfolio and provides us with the opportunity to contribute to achieving the goals of Saudi Vision 2030 in enhancing the quality of life,” he added.
