Retal unveils plans to build over 750 residential units in Riyadh
RIYADH, September 21, 2022
Retal Urban Development Company has announced plans to develop 759 residential units in the Al Fursan District I in Riyadh at a total investment of SR864 million ($230 million).
The Saudi developer has already inked a sub-development agreement with the National Housing Company for a 227,837 sq m land allocation.
The project will be financed based on self-financing and off-plan sales, said Retal Urban Development Company in its filing to Saudi bourse Tadawul.
Retal said the project is due to be completed in early 2026 and will have a positive impact on the company's results post the start of sale and the project execution.-TradeArabia News Service