Ladun Investment Co., Saudi Arabia Announces that one of its subsidiaries “Built Industrial Company” has signs the contract with Real Estate Development Fund Company.

The value of the contract is SAR 645.6 million.

During October 2024, the company announces that it has awarded the contract. (read more)

As part of the contract, the company will implement the works of the multi-use project “The Point” in Abha city.

The Point project is a mixed-use development on a 75,000 square meter area along King Fahd Road in Abha. It includes a shopping center, hotel, various entertainment facilities, administrative buildings, open plazas, and gardens, making it a unique destination for retail and hospitality. The project aims to provide an exceptional experience in retail, lifestyle, food and beverage, and hospitality for the city of Abha in the Asir region of Saudi Arabia.

The project owner, “Real Estate Development Fund Company,” is a private closed real estate investment fund owned by Red Sea Asir Company and the Tourism Development Fund and managed by Fransi Capital.

The duration of the contract is 1080 days.