01 April 2016

Saudi Real Estate Company (Sreco) has awarded a contract to KEO International Consultants for designing and supervising the construction of a mixed-use hotel complex in the Al Aqiq district of the capital Riyadh.

The SR26-million ($7 million) deal allows KEO nine months for design and 30 months from the start of construction to manage and supervise the project, said Sreco.

As per the deal, KEO will be responsible for construction management and supervision of the mixed-use Al Akaria project located adjacent to the northern ring road at Al Aqeeq.

Earlier, the real estate company signed a contract worth SR6.45 million ($1.7 million) with Al Assasat Al Watania for constructing a mixed-use building in Riyadh, it added.

• Jeddah Tower wins $959m funds
• Saudis order 5pc cut in contract spending
• Airports free zones eyed
• KEO wins mixed-use hotel contract
• Update
• alfanar group strengthens its global presence
• Riyadh Metro on track despite spending cuts
• Six vie for contract

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