Al Ramz Real Estate Company announced the acquisition of a residential land plot in Al Malqa district, Riyadh, with a total value of SAR 94.6 million, as part of its expansion strategy to develop residential projects in prime locations across the capital.

The land spans 8,600 square meters and is planned for the development of a residential project comprising 135 housing units. The project aims to meet the growing demand for modern housing in well-located and well-serviced areas, in line with evolving quality of life aspirations.

Al Ramz confirmed that the transaction was fully financed through its own resources, reflecting the strength of its financial position and its confidence in the promising investment opportunities within the Saudi real estate market.This acquisition comes as part of a series of initiatives through which Al Ramz seeks to strengthen its presence in the real estate development sector and contribute to the goals of Saudi Vision 2030 by delivering projects that align with the Kingdom’s rapid urban growth.