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Asas Makeen Real Estate Wins SAR300 Million Construction Contract in Saudi Arabia

MT Newswires·12/30/2025 00:48:14
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12:48 AM EST, 12/30/2025 (MT Newswires) -- Asas Makeen Real Estate Development and Investment (SASE:9640) secured a construction contract for Tashyeed Hayat Contracting Co.'s residential and commercial projects in Riyadh, Saudi Arabia. Under the agreement, the Saudi Arabia-based real estate developer will execute contracting and construction works over 65,000 square meters of land, according to a Tuesday release. The contract has an estimated value of 300 million Saudi riyals and is scheduled to run for 18 months.