Saudi-based Sumou Real Estate Company has announced that it has signed an agreement for a residential and commercial tower being developed at an estimated cost of SAR423.4 million ($113.4 million) in Makkah.
The key mixed-use project is being developed for the Areeb Sumou Makkah Real Estate Fund, said Sumou Real Estate Company in its filing to Saudi bourse Tadawul.
The project will be constructed on the land located in Jabal Omar district spanning 3,066 sq m area, it stated.
The scope of work includes development, design and construction of a residential and commercial tower within a period of 39 months.-TradeArabia News Service
