| Element List |
Explanation |
| Introduction |
Signing Building Construction Company Limited (Subsidiary) contract with Roshn Group related to Development, Design and Build of ALDANAH project Site 1 in Dharan City. |
| Date of Announcement of the Award |
2024-05-20 Corresponding to 1445-11-12 |
| Contract Subject Matter |
Building Construction Company Limited (Subsidiary) has signed a contract related to the Development, Design, and Build of the master plan and infrastructure works and development of 1,962 residential units in ALDANAH project Site 1 for Roshn Group. |
| The Entity with Which the Contract was Signed |
ROSHN Group, the PIF-owned giga-project. |
| Date of Signing the Contract |
2024-05-20 Corresponding to 1445-11-12 |
| Contract Value |
2.892 Billion Saudi Riyal |
| Contract Details |
Building Construction Company Limited will develop & design the detailed master plan, design & execute the infrastructure, landscape, construct 1962 residential units and public amenities building in ALDANAH project - Dhahran City Site 1 for Roshn Group. |
| Contract Duration |
The duration of the contract is 45 months, starting from the date of the land handover from Roshn Group to Building Construction Company. |
| Financial Impact and the Relevant Period |
The project is expected to have a positive impact on the Company's results during the project execution for the years 2024AD, 2025AD, 2026AD, 2027AD and 2028AD |
| Related Parties |
N/A |
| Additional Information |
N/A |
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