Ladun Investment signs real estate development agreement to build 260 housing units in Jizan at SR162

Ladun Investment Company announces signing agreement to develop 260 housing units in partnership with private sector in Jizan city with an area of 44,017.38 m.

The contract value is SR 162 million excluding VAT, and the contract duration will be 30 months after starting execution work.

The infrastructure and construction will be executed by Almanjoof contracting and maintenance Company using off-plan sales system model.

The company said the project is expected to positively impact the company’s results, starting from Q4 this year and will continue until the end of the project, which is expected to be finished in 2025.

It also explained that the project aims to have a position in the Jazan region, where the company owns several properties to be developed in the city.