| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Co. (“Al-Akaria”) (The Company) announces the award of a Project for the Construction of "TSE Network for Green Riyadh Program – Group Eleven” with the Royal Commission for Riyadh City to one of its subsidiaries “Saudi Real Estate Infrastructure Company (Binyah)” with a total value of 660,356,738.20 Saudi Riyals. |
| Date of Award | 2024-08-28 Corresponding to 1446-02-24 |
| Counterparty | Royal Commission for Riyadh City |
| Project Value | 660,356,738.20 Saudi Riyals. (Including VAT) |
| Expected Date for Signing the Contract | 2024-11-28 Corresponding to 1446-05-26 |
| Project Details | The Project includes the Construction of "TSE Network for Green Riyadh Program – Group Eleven” " |
| Related Parties | There are no related parties |
| Additional Information | Binyah Company is one of the national companies specialized in implementing infrastructure development works, of which the Saudi Real Estate Company (Al Akaria) owns (60%). It specializes in constructing roads, streets, sidewalks and road supplies, constructing bridges and tunnels, laying oil and gas pipelines, constructing stations and main lines for water distribution, constructing sewage stations and projects, sewage networks and pumps, constructing port docks and marine construction, demolishing and removing buildings and others, enabling sites from (cutting, filling, Demolition & compaction) and networks extensions *Awarded Letter received 29/08/2024 AD |
