Alistithmar Capital, Aloula Real Estate to start work on Ajdan project

06/08/2017 Argaam

Alistithmar for Financial Securities and Brokerage Co. (Alistithmar Capital) said it will start work on the Ajdan Tower project at the Wajdan Albahriya site in Alkhobar.

 

Last year, Aloula Real Estate Development Co. signed a memorandum of understanding (MoU) with Alistithmar Capital to establish a real estate investment fund, which aims to develop the residential tower at the Wajdan Albahriya site and to attract investment opportunities to the region.

 

The Ajdan Project covers an estimated area of ​​40,000 sqm. It includes two luxurious residential towers directly adjacent to the Arabian Gulf on an area of ​​14,000 sqm. Each tower consists of 40 floors containing 180 housing units.

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