Al Ramz Front Residential Project
Sector: Commercial • Location: Jeddah, Saudi Arabia
Source: ZAWYA
Alramz Real Estate Company has signed an agreement to establish a 650 million Saudi riyal ($175.58 million) Shariah-compliant real estate investment fund to develop a residential project in Jeddah. The fund, managed by Oud Capital, will develop the Al Ramz Front residential project with 900 units in Al Firdous district in north Jeddah. Alramz will contribute SAR 81.6 million as an investor in the
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | awarded |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Alramz Real Estate Company has signed an agreement to establish a 650 million Saudi riyal ($175.58 million) Shariah-compliant real estate investment fund to develop a residential project in Jeddah. The fund, managed by Oud Capital, will develop the Al Ramz Front residential project with 900 units in Al Firdous district in north Jeddah. Alramz will contribute SAR 81.6 million as an investor in the fund, along with land plots totaling 47,800 square metres, valued at SAR 215.1 million, as an in-kind contribution. The company will serve as the fund’s developer, with the development contract valued at SAR 268.8 million. Al Ramz will earn a 10 percent development fee of SAR 26.8 million and a 2.5 percent marketing fee of the project’s total sales. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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