His Excellency the Governor of the General Organization for Social Insurance, Sulaiman bin Abdulrahman Al-Qwaiz, said in a statement today. His Excellency the Governor of the Public Corporation for Social Insurance, Sulaiman bin Abdulrahman Al-Qwaiz, said in a statement today that the project comes as a confirmation of the Corporation's continued implementation of investment projects according to well thought-out plans, to invest the available financial resources and contribute to supporting the national economy, pointing out that the Corporation always seeks to develop its investment portfolio in a number of important economic sectors to ensure meeting its increasing obligations towards the beneficiaries of the social insurance system, as investment returns are important sources of income.
He indicated that the project comes as a confirmation of the Corporation's progress and its continuation in the implementation of investment projects according to well thought-out plans. <He pointed out that the residential project is located in the Rimal neighborhood in Riyadh near the site of the Janadriyah Festival, and the total area of the project is (600) thousand square meters, and the residential units vary between villas, residential buildings and a building for hotel suites, interspersed with gardens, pedestrian walkways, playgrounds, swimming pools, children's areas, modern streets and internal parking, indicating that the project contains Recreational and commercial buildings and a building for staff housing, containing all advanced and modern communication systems, advanced security systems, advanced surveillance cameras, a main security gate and another emergency gate, parking lots for visitors and residents, in addition to all security and safety requirements and civil defense requirements, and a water treatment plant to benefit from it in irrigation of green spaces.
Al-Qwaiz expressed his hope that upon completion, the project will constitute one of the leading residential projects in Riyadh, noting at the same time the important role of the flow of investments and the growth of liquidity in all sectors, and the accompanying increase in government investments in infrastructure projects, which contributed to the development of the performance of other sectors such as tourism, internal and external trade, and the financial sector in general such as banks and the financial market, which reflected positively on the real estate sector and made its growth more sustainable and stable in the short and long term.
