Tripartite alliance to develop housing project in Riyadh

RIYADH: Top Saudi real estate developers have formed a tripartite alliance to establish a housing project in Riyadh, the Saudi Press Agency reported.

The alliance will build 580 villas spread over 300,000 sq. m. Al-Othman Group, Tamimi Real Estate, Isam Khairi Kabbani allied under Tilal Properties will develop the project in Aljwan, north of Riyadh.

The project will benefit members of the Saudi Housing Ministry’s Sakani programme, which aims at increasing the housing ownership for Saudis to 70 per cent in line with the Saudi Vision 2030.

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