Knowledge Economic City Company announced that it has entered into a letter of award with Al Khuraiji Trading and Contracting Company for an integrated contract that includes the construction of four additional residential towers within the first phase of the mixed-use project «Al Olaya», in a move that enhances the residential supply within the project.

Knowledge Economic City Company.

The company explained, in a statement published on Tadawul, that the value of the contract is SAR 282 million excluding VAT, noting that the implementation of these towers will raise the total number of residential units being developed to 1420 units, which will be offered for sale through Off Plan Sale System, under the supervision of the Special Economic Cities and Zones Authority.

The contract covers all contracting works for the four residential towers, including electromechanical and final finishing works, to provide high-end residential units with a variety of spaces and designs, a new addition to the units that are currently being implemented within the project by the same contractor.

The contract covers all contracting works for the four residential towers, including electromechanical and final finishing works.

The project includes a diverse mix of urban components, including about 2,000 residential units of different sizes and styles, distributed among 1420 apartments in closed complexes, 70 luxury residential villas of the "Mansion" category, in addition to 408 hotel apartments managed by the Hyatt International Hotel Group under its well-known brand "Hyatt House", which enhances the attractiveness of the project as an integrated residential and investment destination.

The project includes a diverse mix of urban components, including about 2000 residential units of different sizes and styles, distributed among 1420 residential apartments in closed complexes, 70 luxury residential villas, and 408 hotel apartments managed by the international hotel group "Hyatt House".