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Image used for illustrative purpose. Workers stand on a metal scaffolding, placed on the wall of a hotel ahead of preparations for the new tourism season in Athens's Syntagma square March 8, 2015. Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and 'buzz'. REUTERS/Kostas Tsironis
Riyadh – Mubasher: Saudi Arabian Cooperative Insurance Co. (SAICO) announced plans to enter into a deal to establish a multi-floor building on plot of land situated on the intersection of Makkah Road and Salah Al Dein Road.
The total cost of the project, including the value of the land and the building, is estimated at around SAR 101.33 million, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.
Both parties of the deal will equally own the building which is set for completion within two years from starting construction works.
Source: Mubasher
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