Search SaudiArabiaPR.com

Home >> Real Estate & Retail

Al Akaria Saudi Real Estate Company (SRECO) Signs Framework Agreement with Presidency of State Security for Real Estate Services

Al Akaria Saudi Real Estate Company (SRECO) Signs Framework Agreement with Presidency of State Security for Real Estate Services

Tuesday, September 4, 2018/ Editor -  

Share

Home >> Real Estate & Retail

RIYADH, 4 September 2018:  Al Akaria Saudi Real Estate Company (SRECO), one of the largest publicly listed real estate developers on the Saudi stock exchange (Tadawul), has signed a Framework Agreement with the Presidency of State Security to provide real estate services to them in the Kingdom of Saudi Arabia (KSA).  

SRECO will provide end to end delivery for all Presidency of State Security projects in KSA, in accordance with the regulations followed in the Kingdom, and after Presidency of State Security obtaining the necessary approvals including project management, infrastructure, building and construction, operation, maintenance and facilities management services. The projects are located in over 100 different locations access the kingdom and are varied in scale and composition. 

“We are honored to be the Presidency of State Security’s real estate partner of choice,” said Abdulrahman Almofadhi, Chairman of Al Akaria Saudi Real Estate Company. “We are keen on collaborating and working with all government entities to achieve the vision of our leadership and realise the main pillars underpinning Vision 2030, in order for the Kingdom to become an attractive global destination.”

“SRECO has embraced a new business strategy leading a new generation of real estate concepts, systems and practices across Saudi Arabia, moving away from the “business as usual” approach. It provides a complete value chain solution, from conceptualisation, finance and planning; to real estate development, leasing, property and portfolio management, and facilities management. This is delivered through a three-tiered structure of the business, which incorporates Real Estate Investment Management; Real Estate Development Company; and the Joint Ventures and Subsidiaries division. In addition, it has forged strategic partnerships with organisations such as POSCO, HANMI Global, leading global companies and KSA government departments.” Almofadhi concluded.

SRECO is an integrated, full service real estate development company with a proven track record of more than 40 years of experience in successfully developing and managing large scale real estate projects that have contributed to creating the modern Saudi Arabia. We have taken a collaborative approach to development, partnering with leading global companies and KSA government departments and we are fully aligned with Vision 2030, the Kingdom’s roadmap for economic and social transformation.


Previous in Real Estate & Retail

Next in Real Estate & Retail


Home >> Real Estate & Retail Section

Latest Press Release

IHG signs world's largest Crowne Plaza® in Makkah

Aramco CEO to Bloomberg: Speaking to credit rating agencies before landmark bond ...

Saudi Plastic and Petrochemical Exhibition 2019 set to launch with government an ...

Lenovo Offers Security Solutions in Global Smart City Race at Intersec 2019

Young Saudi women take centre-stage in brand-new television drama

Implementation Date Announced for Long-Term Residence Permits

Saudi Ministry of Environment, Water and Agriculture signs contract for the firs ...

Honor 10 Lite Packs Stylish Looks and Flagship Performances Into New Device

M Hotel Makkah by Millennium honors its employees on its 2nd Anniversary

Nissan Energy demonstration hits the spot

Introducing Burberry Bespoke Fragrances

The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resource ...

Turkish Airlines reached the 80.2% Load Factor in December 2018.

Saudi Visa Application Process in Dubai Restricted to Holders of UAE Residence P ...

Global Energy Forum: His Excellency Khalid Al-Falih's address on day three

World No.2 completes all-star field, with four of golf's top five setting sights ...

Rolls-Royce Motor Cars Achieves Historic Business Record

Breakbulk Middle East 2019 reinforces the collaboration between UAE and Saudi Ar ...

SHUAA successfully issues and places USD135 million (SAR 506 million) Sukuk for ...

Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment B ...