National Building and Marketing Co. (NBM), Saudi Arabia announces the signing of a contract worth SAR 350 million for constructing villas and residential apartments (Granada Riyadh Project) with Al-Fayzia Real Estate Development Co.

As part of the contract, the company will carry out the infrastructure and superstructure works, construct, finish, implement and supply all project building materials, administrative follow-up and implementation of all related services until the project is ready for investment.

It will also complete formalities required for “turnkey” of the residential units and villas according to the design plans approved by the first party’s consultant and in line with the established specifications that do not conflict with those of the Saudi Building Code and the Ministry of Housing, statement mentioned.

The duration of the contract is three years.