Retal unit to implement Remal Business Court structure
CONSTRUCTION NEWS
Retal Urban Development Company has announced that its subsidiary Building and Construction Company has signed a contract with Remal Park Fund to implement the skeleton structure works for the Remal Business Court project in Al Khobar city.
The estimated value of the contract is SAR166 million, without any preferential benefits.Remal is 33.33% owned associate of Retal Urban Development Company, the company said in a Saudi Stock Exchange filing.
The duration of the contract is 12 months from the effective date of the agreement.
The project is expected to have a positive impact on the company's results post the start of the project execution in 2025 and 2026, the company said. - TradeArabia News Service
