| Element List |
Explanation |
| Introduction |
The Saudi Real Estate Company. (Al Akaria) Announces signing Infrastructure Packages Contracts between Qiddiya Investment Company (QIC) to one of its subsidiaries “Saudi Real Estate Infrastructure Company (Binyah)” jointly with Infraroad Contracting Co. LLC to execute construction, testing and commissioning parts of of Main infrastructure networks and bridges for Qiddiya project, including parts of primary and secondary roads and utilities networks, utility culverts, pedestrian bridges and perimeter cut-off storm drainage channels along with Design, construction, testing and commissioning of sewage treatment plant, irrigation water storage tanks & pump station, potable water storage tank & pump station and solid waste transfer hub with a total value of 2,290,259,609Saudi Riyals. |
| Date of Announcement of the Award |
2023-09-21 Corresponding to 1445-03-06 |
| Contract Subject Matter |
Infrastructure Packages Contracts |
| Date of Signing the Contract |
2023-09-21 Corresponding to 1445-03-06 |
| Contract Value |
2,290,259,609 Saudi Riyals. |
| Contract Details |
Main infrastructure networks and bridges for Qiddiya Resort Core, including parts of primary and secondary roads and utilities networks, utility culverts, pedestrian bridges and perimeter cut-off storm drainage channels along with Design, construction, testing and commissioning of sewage treatment plant, irrigation water storage tanks & pump station, potable water storage tank & pump station and solid waste transfer hub. |
| Contract Duration |
22 months |
| Financial Impact and the Relevant Period |
The financial impact will be reflected in Q4 2023 until Q3 2025 |
| Related Parties |
Public Investment Fund |
| Additional Information |
Binyah Company is one of the national companies specialized in implementing infrastructure development works, of which the Saudi Real Estate Company (Al Akaria) owns (60%). It specializes in constructing roads, streets, sidewalks and road supplies, constructing bridges and tunnels, laying oil and gas pipelines, constructing stations and main lines for water distribution, constructing sewage stations and projects, sewage networks and pumps, constructing port docks and marine construction, demolishing and removing buildings and others, Enabling sites from (cutting, filling, Demolition & compaction) and networks extensions |
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