Riyadh to get new tower

A Japanese company is to design a multi-purpose tower for a local real estate company in the Kingdom.
The agreement for the designing of the tower was signed between Naif bin Saleh Al-Rajhi, chairman, Naif Al-Rajhi Investment Company, and Nikken Sekkei Group Chairman M. Nakamura in Riyadh last week.
Following the signing ceremony, Al-Rajhi said the tower would be located in the heart of the capital along the King Fahd Highway in Riyadh.
Naif Saleh Al-Rajhi Investment Company is a Saudi company specialized in investment and real estate development. In the investment sector, the company’s various investments and partnerships are in different areas, including manufacturing, hospitality, project management and engineering, media and advertising, food and beverage, and retail.
In the real estate sector, the company has extensive experience in various areas of this sector, starting from mega projects and residential towers, in addition to development of commercial and highly demanded locations, putting our attention to meet the market need and the desire of buyers.
The company also has several involvements in corporate social responsibility, where it spared no effort in supporting the sons and daughters of the country in their successes and creativity to raise the Kingdom’s name high.
The proposed tower which will contribute to the economic development of the country is yet to be names by the owners of the complex.