Red Sea Housing wins KWD 4.6 mln contract in Kuwait

31/07/2016 Argaam

Red Sea Housing Services Co. has signed a letter of award with Kuwait’s Fluor Consultants to build residential complexes and a warehouse in Kuwait at a total value of KWD 4.6 million (SAR 56.9 million), the company said in a statement to Saudi bourse, Tadawul.

 

The relevant financial impact will be reflected on earnings of Q3 2016.

 

The project, which will be completed by March 6, 2017, will be financed by bank facilities and company’s internal resources.

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