Tripartite alliance to develop housing project in Riyadh

The alliance will build 580 villas

  
Image used for illustrative purpose. Construction cranes are seen outside the Grand Mosque in the holy city of Mecca, Saudi Arabia .

Image used for illustrative purpose. Construction cranes are seen outside the Grand Mosque in the holy city of Mecca, Saudi Arabia .

REUTERS/Amr Abdallah Dalsh
RIYADH: Top Saudi real estate developers have formed a tripartite alliance to establish a housing project in Riyadh, the Saudi Press Agency reported.

The alliance will build 580 villas spread over 300,000 sq. m. Al-Othman Group, Tamimi Real Estate, Isam Khairi Kabbani allied under Tilal Properties will develop the project in Aljwan, north of Riyadh.

The project will benefit members of the Saudi Housing Ministry’s Sakani program, which aims to increase housing ownership for Saudis to 70 percent in line with the Saudi Vision 2030.

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