Red Sea International unit inks key Saudi MEP works contract

Getty Images/Getty Images

The contract, which covers engineering, procurement and mechanical, electrical, and plumbing works, will be implemented in 564 days

Staff Writer, TradeArabia

August 15, 2024

PHOTO

Saudi-based Red Sea International Company has announced that its key subsidiary - The Fundamental Installation for Electric Work Company - has signed a SAR253 million ($67.3 million) mechanical, electrical, and plumbing (MEP) works contract with Modern Building Leaders Company.

The contract, which covers engineering, procurement and mechanical, electrical, and plumbing (MEP) works, will be implemented in 564 days, said Red Sea International Company in its filing to Saudi bourse Tadawul.

A market leader and one of the top standalone MEP contractors in Saudi Arabia, it is an expert in delivering quality projects in the region.

On the financial impact, Red Sea International Company said it will be reflected starting Q3 2024.

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.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO