Ladun Investment Company’s subsidiary, Built Industrial Company, has won a project to develop a mixed-use project, The Point, in Abha, Aseer Province, at the cost of USD 172 mln.
The contract was awarded by the Real Estate Development Fund (REDF), Ladun said in an Arabic statement to the Saudi stock exchange.
The Point is a 75,000-square-meter mixed-use project comprises a shopping mall, a hotel, entertainment facilities, administrative buildings, open squares, and gardens.
