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

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 List

Explanation

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