Saudi Real Estate to Award $6.4 Million Infrastructure Contract

Saudi Real Estate Co. (SRECO) said its board approved to award a contract valued at 24.1 million riyals ($6.4 million) to a local contracting company.

The contract is for developing infrastructure at a 430,000- square-meter land on Takhassusi Road in Riyadh, the company said in a statement to the Saudi bourse website today.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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