‎“Red Sea International” signs a contract to construct residential ‎buildings for Al-Jafoura project

The International Red Sea Company concluded a contract with Mubarak Merhi Al-Saloumi and Partners Contracting Company for… Manufacturing, supplying and installing prefabricated buildings with high specifications that include housing units an intention and a number of support buildings, such as the Diwaniyah building, entertainment, laundry, and expansion of the kitchen and food hall, as part of the Jafoura construction project, phase two.

The company explained in a statement on Tadawul that the value of the contract is 58.4 million riyals and its duration is 180 calendar days from the date of receipt of the final purchase order and advance payment.

She indicated that the financial impact is represented in achieving revenues and profits starting from the fourth quarter.