Retal awards contract to build 352 homes in Jeddah
JEDDAH, November 22, 2023
Saudi-based Retal Urban Development Company has signed an agreement with its key subsidiary Building Construction Company (BCC), for the development of 352 residential units in the Sadayem Suburb of Jeddah.
The project, which will come up over a 100,959 sq m area in the Saudi port city, is estimated to cost SAR214 million ($57 million), said Retal in its filing to Saudi bourse Tadawul.
The entire construction work is likely to be completed within 30 months from the effective date of the contract.
Established in Khobar region of Saudi Arabia, BCC is one of the largest heavy civil contractors in the kingdom offering services in terms of buildings construction, renovations and infrastructure.
Last year, BCC was incorporated into Retal Holding Company along with three other companies specialising in offering the engineering services.-TradeArabia News Service
