Royal Commission for Jubail & Yanbu awards three housing contracts worth SR785m

05 May 2008
The local REDICO has won two housing contracts worth SR527m ($140m) to build 412 residential housing units in Jubail.

The package is split with 196 and 216 houses, worth SR243m and SR284m respectively. The local Azmeel Contracting Company secured a third housing contract for a further 193 residential units with a contract worth SR258m.

The Royal Commission for Jubail & Yanbu is the client.

Construction duration is due to last 24 months.

In February, the Royal Commission for Jubail & Yanbu awarded the local Al-Muhaidib Contracting Company a SR278m contract to build 240 public housing units in the western city of Yanbu on the Red Sea.

Seven other companies bid for the project including the local El-Seif Contracting Company and Azmeel Contracting Company (MEED 13:02:08).

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