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Ladun Investment Company has signed a major infrastructure development contract for the Namar land project under the first phase of Saudi Arabia’s Real Estate Balance Program. The agreement, awarded by Al-Ayuni Investment and Contracting Company, is valued at SAR 326.7 million and will be executed by Ladun over a five-year period. The project focuses on developing key infrastructure for the Namar land area and adds to Ladun’s portfolio of construction and development assignments linked to the Kingdom’s ongoing urban expansion and real estate development initiatives.
Ladun Investment Company has signed an infrastructure development contract for the Namar land project under the first phase of Saudi Arabia’s Real Estate Balance Program.
According to a company disclosure made recently, the contract was awarded by Al-Ayuni Investment and Contracting Company and will be carried out by Ladun Investment. The agreement is valued at SAR 326.7 million and has a duration of five years.
The contract covers infrastructure development works for the Namar land project, which forms part of the Real Estate Balance Program’s first phase. The program is designed to support urban development and improve the readiness of land for future residential and commercial projects through the provision of essential infrastructure.
The latest contract represents a significant addition to Ladun Investment’s project pipeline and strengthens its presence in Saudi Arabia’s infrastructure and real estate development sectors. The company operates across construction, infrastructure, and property-related activities and has been involved in a range of public and private sector projects in the Kingdom.
Saudi Arabia has continued to increase investment in infrastructure and real estate development as part of broader economic diversification efforts. Programs aimed at expanding housing supply and supporting urban growth have created opportunities for developers, contractors, and infrastructure companies across the country.
With a contract value of SAR 326.7 million and a five-year execution period, the Namar land development project is expected to contribute to the preparation of serviced land for future development while supporting ongoing construction activity in the region.
Source Reuters
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