Sumou signs contract for Yanbu Industrial City development

Sumou Real Estate Company has signed a USD 346.54 mln contract with Jubail and Yanbu Industrial Cities Services Company (JABEEN).

The contract is for completing primary and secondary infrastructure works and designing and constructing 1,104 residential units in Yanbu Industrial City, the developer said in a statement to the Saudi stock exchange. 

The contract has a duration of 36 months for development and implementation, the statement added.