Red Sea International unit inks SAR 56 mln contract with Expo 2020 Dubai

05/08/2019 Argaam

 

Red Sea International Co.’s fully-owned UAE subsidiary, Red Sea Housing Services Company Dubai (FZE), has signed a contract with Expo 2020 for a total value of SAR 56 million.

 

The term of the contract will start in August 2019 and will last until April 2021, the modular buildings manufacturer said in a bourse statement.

 

The scope of the contract covers fabrication, supply and construction of numerous pre-manufactured and modularized structures as well as rental units which will cater to the visitors attending the event over a six-month period.

 

The relevant financial impact will reflect on earnings of Q3 2019 to Q1 2021.

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