Ladun’s subsidiary wins SAR 185.4M contract

Logo of Ladun Investment Co.

Ladun Investment Co. subsidiary, Built Industrial Co., was awarded a SAR 185.39 million contract (VAT inclusive) by the Royal Commission for Jubail and Yanbu (RCJY) to develop the headquarters of Jazan City for Primary and Downstream Industries (JCPDI).

In a statement to Tadawul, Ladun said that work on this project includes procurements, construction, and all necessary activities to build the headquarters on around 28,697 square meters to accommodate about 1,500 employees.

It also includes green areas and site development for an approximate area of 7.4 hectares, according to the tender drawings and documents, to produce a fully functional and operational facility.

The contract is expected to be sealed on Feb. 7. There are no related parties to the deal, Ladun added.