First Avenue Signs Contract With Royal Commission For Makkah City And Jadwa Investment

About this update from First Avenue Real Estate Development Company

FIRST AVENUE FOR REAL ESTATE DEVELOPMENT TADAWUL:9610:FIRST AVENUE - SIGNS CONTRACT WITH ROYAL COMMISSION FOR MAKKAH CITY AND JADWA INVESTMENTFIRST AVENUE - DEVELOPMENT FEE PAYABLE TO CONSORTIUM SHALL BE 15% OF ACTUAL PROJECT COSTS,FIRST AVENUE - CONTRACT DURATION 180 DAYSFIRST AVENUE - SALES COMMISSION FEE OF 2.5% OF PROJECT'S SALES VALUE PAYABLE TO CONSORTIUMFIRST AVENUE-DEAL AIMS TO REGULATE RELATIONSHIP BETWEEN PARTIES, ESTABLISH GENERAL FRAMEWORK FOR DEVELOPMENT OF EAST HINDAWIYAH PROJECT IN MAKKAH

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