Retal and Saudi Arabia have entered into a $12.8 million agreement.

Retal Urban Development Company and its subsidiary, Building Construction Company, have inked a SAR 48 million agreement to construct four residential buildings in Khobar’s Alsadafah district.

As per a bourse filing, the agreement spans a duration of 20 months, commencing from January 28, 2024, when it was officially executed.

Retal has underscored the favorable outcomes anticipated for the project after its execution phase in the years 2024 and 2025.

In a separate transaction, the listed company signed a SAR 374.76 million contract with Roshn Real Estate Company, a subsidiary of the Public Investment Fund (PIF), in November 2023.

 

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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