Retal signs SAR 948M deals to develop 947 houses in Riyadh

28/10/2024 Argaam
Logo of Retal Urban Development Co.

Logo of Retal Urban Development Co.

Retal Urban Development Co. signed on Oct. 27 two agreements worth SAR 947.61 million with National Housing Co. (NHC).

 

The deals entail the purchase of developed land plots to construct 947 residential units in Al Khozam, Riyadh, according to a statement to Tadawul.

 

For more news and details on the projects

 

The contract term will extend for 55 months, and the project is expected to have a positive impact on the company's financial results for the years 2025-2029.

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