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Al Andalus Real Estate Launches New Office Building Project as Part of Expansion Plans in Riyadh

Ahmed Hasan Sadaqa
Ahmed Hasan Sadaqa

1 min

Al Andalus Real Estate Company announced the launch of a new office building project in Al Malqa district on King Salman Road in Riyadh, as part of its expansion strategy to boost revenue.

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The project will be developed by "Mawarid Al-Tamayouz," a limited liability company fully acquired by Al Andalus. Mawarid holds a usufruct right for 30 years on six adjacent plots in Al Malqa, totaling 5,700 square meters.

The office building will consist of 4 floors, covering 30,000 square meters, with 9,722 square meters of rentable space and a projected cost of 140 million SAR, excluding land rent.

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