# Red Sea International awards $7.76 million contract for NEOM residential project

Red Sea International Company signed a contract worth SR29.1 million ($7.76 million) with The Fundamental Installation for Electric Work Company to design, manufacture, supply and install prefabricated buildings for a residential project in NEOM, Saudi Arabia.

- Type: Contract
- Announced: 2023-08-07
- Where: Sharma, NEOM, Saudi Arabia
- Value: $7.76M
- Status: announced
- Products: prefabricated buildings
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Red Sea International Company](https://endata.com/companies/71862.md) (customer)
- [The Fundamental Installation for Electric Work Company](https://endata.com/companies/71863.md) (supplier)

## Sources

- [gulfconstructiononline.com](https://gulfconstructiononline.com/ArticleTA/277049/red-sea-international-awards-deal-for-neom-residential-project), 2023-08-07: "The contract came as part of a prestigious and leading housing compound that will be executed in Sharma, NEOM, to support the new city’s developmental projects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.