Al Akaria inks deal with Saudi National Housing Company
RIYADH, December 23, 2020
Leading Saudi developer Al Akaria said it has signed a partnership agreement with National Housing Company, the investment arm of the Saudi Ministry of Housing, to help boost ownership among Saudi nationals.
As per the deal, the ministry's beneficiaries will get an opportunity to own residences within its 557-unit Al Dhahia project being developed over a 430,300 sq m area in east Riyadh, said the company in its filing to Saudi bourse Tadawul.
Located in Rimal district of the Saudi capital. Al Dhahia project is a semi-gated residential and commercial complex that brings a new style of integrated living to Riyadh by offering residential units, commercial space as well as retail and leisure amenities integrated into one community.