2024-01-12 04:54:32
The Tijan Riyadh Auction succeeded in grabbing the limelight, as a deal was recently concluded to sell a land strategically located in the Saudi capital, Riyadh, at a price that might only be considered great.
The land is located on Imam Abdullah bin Saud Road, an area known for its vitality and strategic importance. This land extends over an area of 8,530.23 square meters, which gives the buyer a golden opportunity to develop various projects, whether commercial or residential.
In an exclusive statement, the winner of the deal, a young Saudi citizen active in the field of entrepreneurship, expressed his great enthusiasm for this acquisition, saying: “By God, it is a great opportunity, and I am excited to see how we will invest in this land. We intend to contribute significantly to the Riyadh economy and add real value to the region with commercial projects.”
It is noteworthy that the deal was concluded for a large amount of 47 million Saudi riyals, excluding taxes and the value of the effort, which is considered a large investment that reflects confidence in the real estate market in Riyadh.
This investment comes at a time when the Kingdom is witnessing remarkable growth in the real estate sector, which strengthens its position as a major destination for investors in the region.
– Asmae Belqis Sabry (@AsmaeBelqiss) January 12, 2024
This deal represents a major step towards achieving the Kingdom’s Vision 2030, which aims to diversify sources of national income and enhance economic growth.
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