We are pleased to announce the acquisition of a land plot spanning 15,293.4 square meters, located on King Salman bin Abdulaziz Road** in Al-Qirawan District, Riyadh, with a total value of SAR 382.3 million.

This acquisition comes as part of the Company’s strategy and forward-looking vision to develop distinguished projects in prime locations that contribute to enhancing quality of life and strengthening Riyadh’s appeal as an investment and urban destination, in line with the objectives of Saudi Vision 2030.

Alramz Company intends to develop several mixed-use towers, to be executed in accordance with the Salmani architectural style, which combines architectural authenticity with local identity, while incorporating the latest design standards, advanced technologies, and operational efficiency to meet the aspirations of the Kingdom’s real estate sector.