New real estate deal in Saudi Arabia

Published November 7th, 2005 - 09:47 GMT
Al Bawaba
Al Bawaba

A-Sharq Al-Awsat newspaper has recently reported about the signing of an agreement between the British Bovis Lend Lease and the British Foster and Partners Urban Planning Company to carry out a real estate contract in Saudi Arabia valued at $13 billion. The deal is to build 750,000 apartments all over Saudi Arabia, which will be carried out in cooperation and according to a new Saudi Arabian contracting company recently established by local businessmen.

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