Retal Urban Development Company, Saudi Arabia, announces that it has received a letter of award from the National Housing Company (NHC) in Al Fursan Suburb, the third area in Riyadh City.

The estimated value of the project is SAR 5.2 billion (US$1.38 billion). The Project aims to develop 4,839 residential units (villas/apartments), in addition to the execution of the project’s infrastructure. The Project will be implemented on a land area of approximately one million square meters. The project includes the design, marketing, financing, construction, completion, and delivery of residential units in villas and building areas, as well as the execution and operation of the project’s commercial components and the execution of internal infrastructure within the project’s master plan.