The new deal sees the Saudi-based Retal Urban Development Company sign a shareholders agreement with the Saudi Arabian Railways Company.
The agreement that has been put in place will see the construction of a commercial mall at a strategic location in the Kingdom and it is because of this that the agreement has been made with Saudi Arabian Railways Company.
In addition, the company said that the move is mainly aimed at supporting the business and growth strategy they have in place.
This venture comes hot on the heels of its strategic agreement with Roshn, the leading real estate group for the construction of 554 residential units at its landmark Sedra project.
