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Retal Urban Development Company has signed a contract with its affiliate, Building Construction Company (BCC), to build 60 residential units in Al-Mohammedia district in Jeddah.
The 30-month contract is valued at 112.7 million Saudi riyals ($30.02 million), the developer said in a statement to the Saudi stock exchange.
The project will be financed from the available facilities and off-plan proceeds, it added.
(Writing by P Deol; Editing by Anoop Menon)
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