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.”
Check out the 2019 Construction Week Power 100 issue here.
