Retal subsidiary inks 268m riyal deal for Khobar Sand Project
Retal Urban Development Company announced that it has signed a contract valued at approximately 268 million SAR with its subsidiary, Tamweer and Construction, to provide design and construction services for the Rimal Business Court project in Khobar. The project duration is 12 months, starting from the date of contract signing, and will cover all development phases from design to final construction works. This contract is expected to contribute to improving the company's financial results during 2026 and 2027, with revenue recognition beginning as construction activities commence.
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