Retal Urban Development Co., Saudi Arabia annouced that it has signed an agreement to purchase and develop residential lands with Roshn Real Estate Co. a subsidiary of the Public Investment Fund, for the purpose of developing residential units in Sedra residential neighborhood in Riyadh city.
The value of the agreement is SAR 374,760,000.
As part of the agreement the company will develop 363 residential units.
Duration of the contract is 36 months.
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