Al Akaria’s subsidiary wins SAR 722.1M contract from DGDA

20/12/2023 Argaam
Logo ofSaudi Real Estate Co. (Al Akaria)

Logo of Saudi Real Estate Co. (Al Akaria)

Saudi Real Estate Co.’s (Al Akaria) subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), secured a contract worth SAR 722.1 million, including VAT, from the Diriyah Gate Development Authority (DGDA).

 

The contract entails the execution of excavation works and related activities for Metro-Box Central, Metro-Box South, and Metro-Box East, according to a statement to Tadawul.

 

Binyah is a national company specializing in infrastructure development, with Al Akaria owning 60% of the company.

 

Binyah's expertise lies in the construction of roads, streets, sidewalks, road accessories, bridges, tunnels, extension of oil and gas pipelines, establishment of stations and main water distribution lines, creation of sewage stations and projects, development of sewer networks and pumps, construction of port docks and marine facilities, as well as the demolition and removal of buildings. Binyah is also involved in site preparation activities, including excavation, leveling, and network installations.

 

The Public Investment Fund (PIF) is a related party to the contract award, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.