In a move that strengthens development partnerships and advances innovative real estate solutions, Salem Balhamer General Contracting Co. Ltd., represented by CEO Ahmed bin Haron, and Rasf Real Estate Investment Company, led by CEO Ibrahim Al-Salloum, have signed an agreement to develop “Honors Tower” in Riyadh.
Spanning 3,600 square meters, the project features 105 premium studio units (87 sqm each) in 6 residential floors atop a ground-floor reception and two basement levels for parking and services.
Sustainable amenities, including green spaces, water features, secure parking, and 24/7 guard services
Ibrahim Al-Salloum highlighted the project’s alignment with Vision 2030’s housing goals, calling it a “qualitative leap” that reflects both parties’ commitment to market-leading developments.
This partnership underscores a shared vision for excellence in Saudi real estate, combining innovative design with resident-centric amenities to redefine urban living in Riyadh