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Aseer Development Authority Awards $266.6M Contract for “The Point” Project in Partnership with Tourism Development Fund and Others

Nov 16, 2024•over 1 year ago

Contract Type

contract

AbhaNon ProfitGovernment

Description

Aseer Development Authority, in partnership with the Tourism Development Fund, Red Sea Markets for Real Estate Investment Company, and Banque Saudi Fransi, has awarded the main contract for the multi-use project “The Point” in Abha city, with the contract valued at over SAR 1 billion. The project includes a variety of shops, restaurants, local and international cafes, a cinema, in addition to a number of luxury Hilton hotel apartments and a Canopy Hotel by Hilton.

Company Information

Company

Aseer Development Authority

Location

Abha, 'Asir Province, Saudi Arabia

About

Aseer Development Authority is a government organization responsible for the development and promotion of Aseer region in Saudi Arabia.

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