Al Akaria Real Estate Company (Sreco) is led by chairman Abdulrahman Almofadhi.
The Saudi Arabian builder has plans to build Al Widyan, a 700ha, mixed-use project in Riyadh’s northern corridor.
Announced in August last year, Phase 1 construction activities are expected to cost $2.7bn (SAR10bn).
Speaking to Construction Week in August 2018, Almofadhi said: “Co-developers and sub-developers will be able to enjoy significantly shorter go-to-market timelines, making the project an attractive investment opportunity with fast and efficient procedures that will cut through bureaucracy and remove the need to engage with central government authorities.”
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