The Red Sea International Company has signed up Mubarak Merhi Al Saloumi Company & Partners Contracting Company for the construction of additional residential buildings within the Jafoura field project located in the Eastern Province.

 

The scope of work includes manufacture, supply and installation of prefabricated buildings including residential units and support for Jafoura project, package nine, in the eastern region, said Red Sea International Company in its filing to the bourse Tadawul.

 

As per the SAR58.4 milllion ($15.6 million) contract, Mubarak Merhi Al Saloumi Company will support a number of residential units including that of the Diwaniyah and recreation building, laundry as well as the expansion of the kitchen and mess hall area under the Phase Two of the project.

 

The entire contract work will be completed within six months, said the Saudi group, adding the financial impact is to achieve revenues and profits starting from Q4 of 2023.