Turner & Townsend, the global professional services company, said it has been appointed as the cost consultant to Smart Accommodation for Residential Complexes Company (sarcc), a new property developer and operator of employee housing across Saudi Arabia.
Sarcc, a subsidiary of the Public Investment Fund (PIF), aims to meet the growing demand for accommodation solutions for both public and private projects throughout the country.
Dean Furey, Real Estate Lead, KSA, at Turner & Townsend, said supporting sarcc in the development of new high-quality residential units will enhance accommodation options in the capital and enable more long-term investment in Saudi Arabia by providing better amenities and services for workers.
“sarcc will be at the forefront of modern construction – exploring the use of modular methods and design to bring scalable, adaptable, and durable accommodation to the Riyadh market and we’re looking forward to transforming Riyadh’s residential market and its urban landscape,” he said.
Among sarcc’s initiatives is the development of a modern residential complex located in the King Abdullah District of Central Riyadh, to meet the need for high-quality, furnished housing.
The development will deliver hundreds of apartments of different sizes, as well as retail spaces and modern amenities, providing convenient and comfortable living options for Riyadh’s expanding workforce.
The project is expected to integrate high-density urban living with aesthetic appeal, providing a variety of residential options that enhance the visual landscape and meet the increasing housing demand in Central Riyadh.
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