Logo ofRetal Urban Development Co.
Retal Urban Development Co.signed, on Nov. 6, a contract with Building Construction Co. (BCC) to develop 901 residential units (villas)for a project owned by Jubail and Yanbu Industrial Cities Services Co. (JABEEN)in Jubail City, at a total value of SAR 972 million, excluding VAT.
BCC is 80% owned by Retal.
The contract duration is 27 months, and is expected to have a positive impact on the company’s financial resultsover the implementation period, spanning 2025–2027, the company said in a statement to Tadawul.
Logo ofRetal Urban Development Co.
Retal Urban Development Co.signed, on Nov. 6, a contract with Building Construction Co. (BCC) to develop 901 residential units (villas)for a project owned by Jubail and Yanbu Industrial Cities Services Co. (JABEEN)in Jubail City, at a total value of SAR 972 million, excluding VAT.
BCC is 80% owned by Retal.
The contract duration is 27 months, and is expected to have a positive impact on the company’s financial resultsover the implementation period, spanning 2025–2027, the company said in a statement to Tadawul.
