Ladun subsidiary wins 2 projects with JCPDI at SAR 273.1 mln

Logo of Ladun Investment Co.

Ladun Investment Co.'s subsidiary, Built Industrial Co., was awarded two projects with Jazan City for Primary & Downstream Industries (JCPDI), affiliated to the Royal Commission for Jubail & Yanbu (RCJY), at a total value of SAR 273.1 million (VAT inclusive), according to separate Tadawul statements today, Nov. 15.

The first project will see the establishment of prefabricated buildings for industries at JCPDI for SAR 169.50 million (VAT inclusive). It entails the comprehensive development of a 154,500-square-meter (sqm) land area in the industrial city giga-project under a procurement and construction (PC) contract for the construction of 38 ready-to-move, mixed-use buildings.

This is in addition to establishing two locations for security guards, with an estimated built-up area (BUA) of 38,760 sqm, besides work for site preparation: excavation, backfilling, grading, clearing, surfacing, pavements, road planning, lighting and other appurtenant work (dry and wet).

Under the second project, a business development center will be built for SAR 103.57 million (VAT inclusive). Accordingly, under a PC contract, Built Industrial will undertake the comprehensive development of 10,380 sqm of land in JCPDI, including the necessary infrastructure, grading and afforestation works, to build the center over an approximate BUA of 4,500 sqm.

The two-story building will cater to a number of industry-related government agencies. This is in addition to being a business hub for the Special Economic Zones (SEZs).

Contracts for the two projects are expected to be signed on Dec. 17, the statements added, noting there are no related parties.