Red Sea International Unit Lands SAR220 Million Building Works Deal in Saudi Arabia

08:25 AM EST, 01/05/2026 (MT Newswires) -- Red Sea International's (SASE:4230) Fundamental Installation for Electric Work unit secured a building services contract worth 220 million Saudi riyals for a hospital construction project in Jeddah, Saudi Arabia. Under the 420-day agreement, the engineering group subsidiary will be in charge of the project's mechanical, electrical, plumbing, and civil works, among others, according to a Monday release.