Retal Urban Development Company, Saudi Arabia announces signing of two agreements to purchase and develop residential lands with Roshn group subsidiary of the Public Investment Fund, for the purpose of developing residential units along with the relevant infrastructure in Sedra residential neighborhood in Riyadh City.
The value of the contract is SAR 792 million.
Total number of units expected to be developed as part of the contract are 644 residential units.
The duration of the contract for the development of residential units along with the relevant infrastructure is 36 months.
In another statement, the Company announces signing an contract with Building Construction Company (Subsidiary) to construct 263 residential units in the city of Riyadh.
The value of the contract is SAR 142.39 million.
The duration of the contract is 30 months.
