Ladun Investment Signs $119m Deal With NHC

Dubai (PlantAndEquipment.com) - Ladun Investment Company has signed a real estate sub-development agreement with the National Housing Company (NHC) to build Al-Mashriqia Villas in Riyadh. The contract is valued at approximately $119 million.

The project will span a 100,440-square-metre plot and deliver more than 400 residential villas, subject to final design approvals. Construction is expected to take 42 months. Located in eastern Riyadh, the Al-Mashriqia Community covers seven million square metres and includes more than 15,000 residential units.