The Royal Commission for Riyadh City (RCRC) has announced that it has signed contracts worth SAR2.39 billion ($639 million) with a joint venture between Ladun Investment Company and Al Ayuni Investment and Contracting Company for the development of infrastructure works under the Real Estate Balance Program – Phase One in Riyadh.
The contracts cover the infrastructure development of Al Qirawan, Al Narjis, and Namar land plots, supporting the kingdom’s efforts to increase residential land supply, enhance urban development, and improve quality of life in line with the objectives of Saudi Vision 2030.
