Red Sea International Company announced on January 5, 2026, that its subsidiary, The Fundamental Installation for Electric Work Co., has signed a SAR 220,002,237 contract with Al Arab Hospital Company Ltd. The contract covers mechanical, electrical, plumbing works, screed works, internal partitions, and certain civil works for a hospital project in Jeddah's South Obhur District. The project encompasses nineteen levels plus two basements, with a 420-day completion timeline. Revenues and profits are expected to be realized starting from Q1 2026.

Original announcement:

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