Knowledge City inks SAR 34.9 mln infrastructure contract for Al-Alya housing project

Logo of KEC

Knowledge Economic City Co. (KEC) signed, on June 29, a SAR 34.9 million contract with Mussad Al-Mutairi & Partner Co. for infrastructure works at Al-Alya residential project within KEC.

The contract scope includes executing important infrastructure work such as road networks, water, irrigation, sewage, firefighting and lighting, in addition to linking them to the smart infrastructure implemented in the project area, the company said in a bourse filing.

The agreement has a term of 12 months, which starts from July. The deal is not a related-party transaction.

The contractor will be paid in instalments on a monthly invoice based on work progress and executed work. Accordingly, the financial impact is distributed over a period of 12 months starting from July-end.

The company will cover the contract cost from its available cash, the statement said.

The Northern Suburb Project (Al-Alya) aims to complement the development of the northern area overlooking the 40 meters wide Safwan Street.

The project area is 269,000 square meters (sqm) divided into plots of different sizes to offer six-storey buildings, specially designed to respond to the new urban trend in Madinah, “Humanization of Cities". It also provides green areas and pedestrian paths to create an attractive quality lifestyle.

The landscaping and pathways area is 72,000 sqm. The length of the green project's main path is 1,100 meters, with width ranging between 16 and 82 meters.

The land plots are designed in a series of corridors and wide roads, with a park in the middle spanning approximately 60,000 sqm, separating the movement of cars and pedestrians; organizing the traffic in the places designated to encourage walking, as well as allowing full access for people of determination.

As part of the project’s preparations, the company assigned the supervision of infrastructure works to a consultant to ensure the quality of work.

KEC also assigned an accredited consultant to review the project’s masterplan and ensure that the required technical and engineering standards are followed, as per the Special Economic Cities and Zones Authority’s technical and engineering requirements.