SNG: Retal wins $1.38bln Riyadh residential project contract

About this update from Retal Urban Development Company

First published: 20-Nov-2025 14:23:26Staff WriterSaudi-based Retal Urban Development Company has announced that it has secured a letter of award from the National Housing Company (NHC) for the construction of 4,839 residential units in the Al Fursan suburb - third area - in Riyadh City.A major project for the kingdom, it will feature a mix of villas and buildings which will come up on a 1 million sq m land area in the Saudi capital.The scope of work includes the execution of the project’s infrastructure, stated Retal Urban Development Company in its filing to Saudi bourse Tadawul.The project includes the design, marketing, financing, construction, completion, and delivery of residential units in villas and buildings areas, as well as the execution and operation of the project's commercial components and the execution of internal infrastructure within the project's master plan, it added.Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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