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Sumou Real Estate Company has inked a US$5.6mn construction contract to implement the first phase of the basic infrastructure works for the Souq Al-Nafe’ project located in Mecca, Saudi Arabia
Spanning over an area of 1.321 million sq m, the project will be executed under a 12-month contract signed with the contractor Saif aljanoub Contracting Company, according to a bourse filing on Sunday.
The contract is expected to have a positive impact on the company’s results and revenues following the completion of the project and leasing its components.