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Riyadh, Saudi Arabia
Smoa Properties has signed a partnership agreement with Downtown Saudi Arabia, one of the Public Investment Fund companies within the urban development and urban development system, to develop buildings and towers in the Downtown Khobar project.
The agreement aims to design and implement quality residential units, in addition to marketing and selling them, thus contributing to providing various housing options that meet the needs of different segments of society, and enhance the attractiveness of Downtown Al-Khobar as an integrated urban destination that improves the quality of life for its residents and visitors.
The agreement comes within the framework of the direction of "Sumo Real Estate" to enhance its presence in the Eastern Province and expand its portfolio of residential projects, through partnerships that invest its expertise in real estate development and its capabilities in the implementation and marketing of projects, in line with the aspirations of residents and investors.
The agreement aims to design and implement quality housing units, thus contributing to providing various housing options that meet the needs of different segments of society
The partnership reflects SMO’s keenness to cooperate with the Public Investment Fund’s subsidiaries and contribute to the development of projects that integrate with the urban vision of the destinations it embraces, and support the diversity of housing options and the quality of the urban environment.
Downtown Saudi Arabia is developing destinations and urban centers with sustainable economic and social impact in the Kingdom’s target cities, which will contribute to improving the quality of life and stimulating economic mobility in these cities, in addition to providing more new options and opportunities in various sectors, including hospitality, tourism, shopping, entertainment, office space, housing, and others.
For more Information contact: www.dxrprop.ae
Call/WhatsApp: +971501090635
Email: alnashra2013@gmail.com
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