Red Sea International unit inks key MEP works contract
RIYADH, 3 days ago
Saudi-based Red Sea International Company has announced that one of its key subsidiaries - The Fundamental Installation for Electric Work Company - has signed a contract with Modern Building Leaders Company for the provision of mechanical, electrical and plumbing services for one of its key projects in the kingdom.
As per the SAR319 million ($85 million) deal, the subsidiary's the scope of work includes supply, installation, testing and commissioning of MEP systems for MBL's project.
The entire work will be completed within a 13-month period.
On the financial impact, Red Sea International Company said the revenues and profits will be realised starting from Q4 2024.-TradeArabia News Service
