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FINANCIAL NEWS
Red Sea signs USD20m for Papua New Guinea project
26 Feb 2014
(MENAFN) Saudi Red Sea Housing Services Company has signed a USD20 million contract with the government of Papua New Guinea (PNG) for housing units for the local police in Bomana Area, Saudi Gazette reported.
The company will build 150 three-bedroom housing units on a 70,000 square meters land.
The leading project will include 100 unites of 80 square meters size while the remaining 50 units are 72 square meters.
General Manager of Red Sea Housing Services said: “The agreement provides a turnkey solution for the immediate needs of the Royal PNG Constabulary in the National Capital District.”
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