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Friday, November 15, 2024

Home Business Saudi developer Retal signs $319m deal for nearly 900 homes

Saudi developer Retal signs $319m deal for nearly 900 homes

by News desk
November 29, 2023
in Business

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Saudi-listed developer Retal Urban Development Company has signed a SAR1.2 billion ($319 million) contract for a housing development that will deliver close to 900 homes in the kingdom.

The new deal with Jubail & Yanbu Industrial Cities Services Company (Jabeen) includes infrastructure works, design and construction of 897 residential units in Jubail Industrial City, the developer said in a bourse filing on the Saudi Stock Exchange (Tadawul).

Spanning more than 1,000 square kilometres, Jubail is the region’s largest industrial hub located in the eastern province of Saudi Arabia. It features port facilities and industrial complexes.—Zawya