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Retal Urban Development Company has announced plans to develop 759 residential units in the Al Fursan District I in Riyadh at a total investment of SR864 million ($230 million).
The Saudi developer has already inked a sub-development agreement with the National Housing Company for a 227,837 sq m land allocation.
The project will be financed based on self-financing and off-plan sales, said Retal Urban Development Company in its filing to Saudi bourse Tadawul.
Retal said the project is due to be completed in early 2026 and will have a positive impact on the company's results post the start of sale and the project execution.-TradeArabia News Service