Saudi Arabia’s Adeer Real Estate Company announced selling Sumou Al-Khobar project east of the Kingdom for more than SAR1.8 billion ($480 million) during the public auction it organized on Thursday.
CEO of Adeer Mutab Al Saad said the auction’s success underlines the advantages that the project enjoys, including its strategic location in the Seef neighborhood, which is one of the most important neighborhoods in the center of Saudi Arabia’s Triplet Cities of Dammam, Khobar and Dhahran.
