ZAWYA-SNG: Saudi: Red Sea International awards hospital construction contract

RED SEA

4230.SA

0.00

First published: 06-Jan-2026 07:12:29

Staff Writer

Red Sea International Company, a leading provider of specialised prefabricated modular buildings for various real estate and industrial sectors, has announced that its key subsidiary, Fundamental Installation for Electric Work Company, has secured a SAR220 million ($58.6 million) contract from Al Arab Hospital Company for the construction of a premium healthcare facility in Jeddah.

The 19-storey hospital, comprising two basement levels, will be located on the Corniche Road in the South Obhur district of Jeddah.

The key contract covers the supply, installation, testing and commissioning of mechanical, electrical and plumbing (MEP) works, as well as screed works, internal partitions and other civil works, said Red Sea International Company in its filing to the Saudi bourse Tadawul.

The entire work on the hospital project will be completed by Fundamental Installation for Electric Work within 420 calendar days, it stated.

One of the top standalone MEP contractors, Fundamental has delivered several major projects in the kingdom. It specialises in providing integrated design, engineering and construction services to these projects.

On the financial impact, Red Sea International said it expects the project to contribute to revenues and profits starting from the first quarter of 2026.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.