Red Sea International Co. subsidiary awarded MEP subcontract by Modern Building Leaders

Red Sea International Co., through its subsidiary Fundamental Installation for Electric Work Co., has secured a significant subcontract agreement with Modern Building Leaders (MBL) to provide mechanical, electrical, and plumbing (MEP) services, including associated civil construction, for a key project in Riyadh. The contract, valued at SAR 175,933,849, represents a substantial win for Red Sea International, bolstering its backlog and demonstrating its capabilities in delivering comprehensive MEP solutions. This agreement underscores the ongoing construction activity and infrastructure development within Saudi Arabia, particularly in Riyadh, and highlights the demand for specialized MEP services. The deal is strategically important for Red Sea International as it strengthens its position in the Saudi Arabian construction market and diversifies its project portfolio. The partnership with Modern Building Leaders, a key player in the region, further enhances Red Sea International's reputation and opens doors for future collaborations. The successful execution of this project will serve as a strong reference point for securing similar contracts in the future, contributing to the company's long-term growth and profitability.