Al-Redwan set to win economic city contract

21 May 2008
The local Al-Redwan Contracting Company is expected to be awarded a SR450m ($120m) contract for 150 villas in King Abdullah Economic City.

A letter of intent has been received by the company from the city’s developer Emaar and documents are being finalised, with construction expected to begin in August.

The contract will require the construction of 150 villas in an area of the city known as Resort Cove.

The duration of the project is expected to be 18 months.

No consultant has yet been announced to work on the project.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications