Retal wins contract for Remal Business Court
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The contract has a duration of 12 months from its effective date, Retal said in a filing on the Saudi bourse Tadawul
Saudi Arabia’s Retal Urban Development said on Tuesday its 80%-owned subsidiary Building and Construction Company has signed a $71.5mn contract with associate Remal Park Fund to carry out design and construction works for the Remal Business Court project in Al Khobar.
The contract has a duration of 12 months from its effective date, Retal said in a filing on the Saudi bourse Tadawul.
Retal expects the project to have a positive impact on its financial results during 2026 and 2027 after construction begins
