Ladun subsidiary wins SAR 120.6M project from JCPDI

22/07/2024 Argaam
Logo ofLadun Investment Co.

Logo of Ladun Investment Co.

Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 120.57 million (VAT inclusive) project by Jazan City for Primary and Downstream Industries (JCPDI), according to a statement to Tadawul.

 

The project includes executing all the necessary work to construct buildings and warehouses for the operations and maintenance departments, as part of the first phase, in JCPDI.

 

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In addition, the project includes green spaces and site development, in accordance with competition blueprints and documents to produce a fully functional and operational facility.

 

There are no related parties to the deal, the statement added.

 

The company said that the award notification was received on July 21 and the contract is expected to be signed on Oct. 16.

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