Tuesday 23 October 2018

Red Sea Housing wins deal for mega Qatar complex

RIYADH, March 8, 2016

Saudi-based Red Sea Housing Services Company (RSHS) said it has been awarded a QR144-million ($39.5 million) contract to build an integrated accommodations facility in Qatar.

As per the deal awarded by Daruna for Real Estate Brokerage, the company will provide complete infrastructure and housing development to support a 4,000-strong community.

The community’s facilities include accommodation blocks, indoor and outdoor recreation, utilities, mini-markets, police/security station, a bank, a clinic and other miscellaneous outlets, said the Saudi company.

Donnie Sumner, the president of Red Sea Housing (Middle East), said: "We are delighted to enhance our footprint in Qatar through this deal with Daruna. The project demonstrates the acute need for high quality, large-scale communities which enable our clients to operate at full performance in comfortable, clean and superior conditions."

The project will be financed from existing bank facilities and internal cash flow, he added.-TradeArabia News Service

Tags: Qatar | project | Accommodation | Red Sea Housing |

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