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Retal Urban Development Company awards contract to construct 502 housing units in Riyadh
Dec 17, 2024•over 1 year ago
Contract Type
contract
Riyadh RegionReal EstateDescription
Retal Urban Development Company has signed a 30-month contract valued at 349 million Saudi riyals ($92.89 million) with Building Construction Company to construct 502 residential units in Al-Fursan district in Riyadh. The project will be funded through available facilities and off-plan sales proceeds, with a positive impact anticipated on the company's results in 2025, 2026, and 2027.
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