RETAL

20 May, 2024 16:21

Retal Urban Development Company Announces the signing of a contract awarded to one of its Subsidiaries related to the Development, Design, and Build the master plan and development of 1,962 residential units in Dhahran worth 2.892 Billion Saudi Riyal with Roshn Group

Element ListExplanation
Introduction Signing Building Construction Company Limited (Subsidiary) contract with Roshn Group related to Development, Design and Build of ALDANAH project Site 1 in Dharan City.
Date of Announcement of the Award 2024-05-20 Corresponding to 1445-11-12
Contract Subject Matter Building Construction Company Limited (Subsidiary) has signed a contract related to the Development, Design, and Build of the master plan and infrastructure works and development of 1,962 residential units in ALDANAH project Site 1 for Roshn Group.
The Entity with Which the Contract was Signed ROSHN Group, the PIF-owned giga-project.
Date of Signing the Contract 2024-05-20 Corresponding to 1445-11-12
Contract Value 2.892 Billion Saudi Riyal
Contract Details Building Construction Company Limited will develop & design the detailed master plan, design & execute the infrastructure, landscape, construct 1962 residential units and public amenities building in ALDANAH project - Dhahran City Site 1 for Roshn Group.
Contract Duration The duration of the contract is 45 months, starting from the date of the land handover from Roshn Group to Building Construction Company.
Financial Impact and the Relevant Period The project is expected to have a positive impact on the Company's results during the project execution for the years 2024AD, 2025AD, 2026AD, 2027AD and 2028AD
Related Parties N/A
Additional Information N/A

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