Riyadh – Mubasher: Built Industrial Company, a subsidiary of Ladun Investment Company was awarded a SAR 645.66 million project contract from Real Estate Development Fund Company.

Ladun’s unit received the project award on 6 October 2024 and is expected to sign the deal on 6 November 2024, according to a bourse disclosure.

The agreement covers handling the development work of The Point scheme, a 75,000 square metres (m2) mixed-use project on King Fahd Road in Abha. It consists of a shopping mall, a hotel, various entertainment facilities, administrative buildings, open spaces, and gardens.

Last July, Built Industrial was granted a project contract award valued at SAR 120.57 million from the Royal Commission for Jubail and Yanbu (RCJY).