Hamad Mohammed Bin Saedan Awards Key Riyadh Residential Project Contract
Hamad Mohammed Bin Saedan Real Estate has awarded a US $5.2 million construction contract to Abaad Almamar Contracting Company for its HS Residences 2 project in Riyadh.
Hamad Mohammed Bin Saedan Real Estate has announced the award of a US $5.2 million contract to Abaad Almamar Contracting Company for the construction of its flagship residential development, HS Residences 2, located in Riyadh, Saudi Arabia.
The HS Residences 2 project is situated in the Al Arid District of Riyadh, spanning an area of 6,030 square metres. It will feature 60 modern residential units, designed to prioritise quality, privacy, and efficient use of space, aiming to meet the needs of a diverse range of buyers.
This contract award follows closely on a separate deal for the Dar Hamad 3 Residential Units Project. For this project, Hamad Mohammed Bin Saedan Real Estate awarded a US $3.65 million contract to Raya Al Omran. This development, located in the Namar Suburb, will cover an area of 9,600 square metres and comprise 32 residential units.
Both projects underscore the company's stated commitment to developing sustainable residential communities in emerging areas across the region.
Questions, answered
- What is the name of the primary residential project for which a contract was awarded?
- The primary residential project for which the contract was awarded is **HS Residences 2**, located in Riyadh, Saudi Arabia.
- Where is the HS Residences 2 project situated in Riyadh?
- The HS Residences 2 project is located in the **Al Arid District** of Riyadh.
- What is the value of the construction contract for HS Residences 2 and who is the contractor?
- The construction contract for HS Residences 2 is valued at **US $5.2 million** and was awarded to **Abaad Almamar Contracting Company**.
- How many residential units will HS Residences 2 include, and what is its total area?
- HS Residences 2 will feature **60 modern residential units** and spans a total area of **6,030 square metres**.
- Was another residential project recently contracted by Hamad Mohammed Bin Saedan Real Estate?
- Yes, a US $3.65 million contract was also awarded to Raya Al Omran for the **Dar Hamad 3 Residential Units Project** in **Namar Suburb**, which will include **32 residential units** across 9,600 square metres.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.