Sumou Real Estate Co. has signed a $144 million agreement with National Housing Company to build 507 villas in Al-Madinah.
The developer said in a bourse filing that it will develop villas for Al-Samiya, a residential project located in Al-Madinah.
Sumou will begin construction of the project once the land from the National Housing Co. is allotted to them.
The construction is expected to be completed in 42 months and will be financed based on equity and off-plan sales.
By signing up you agree to our Terms of Use and Privacy Policy
Abu Dhabi, UAE — Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate neurons in the gut. This new technology, called ICOPS (Ingestible…
Dubai, UAE — TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts and brings together expert insights on old and new forces…
Some world leaders like Turkey's President Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also been accused of war crimes by rights organizations.
Improved farming techniques, better desalination technologies, awareness campaigns and global cooperation can mitigate the regions problems caused by water scarcity.
