Plant & Equipment | Middle East | April 2019 Edition

Page 13

SAUDI ARABIA Project:

Murcia Project

Value:

USD 655,000,000

Client:

Ministry of Housing (MOH) www.housing.gov.sa

Website:

One of the largest residential developments in capital Riyadh. The Murcia Project will come up on a sprawling 2.7 million sq m area of land belonging to the Ministry of Housing in the northern part of the city. Under this project, a total of 5,590 residential units - ranging from apartments to townhouses - will be built. Of this, 5,018 townhouses will boast an area of 230 sq m, with prices starting from SR499,900 and a monthly premium of SR1666, while the rest of the 572 units (all apartments) will be competitively prices at SR299,250 onwards and a monthly fee starting from SR899. The project is a fully integrated residential complex that has been designed in a unique way. It includes a national valley as part of the project, as well as green spaces and public parks to ensure a modern residential environment that meets all the needs of the citizens.

www.orts-gmbh.de

GERMANY

Tel: +49 (0) 451 39 88 50 Email: info@orts-gmbh.de

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