Saudi Parts Center Company announces signing a contract with Mabic Construction Est. For Contracting on December/06/2023 to start the construction works “Turnkey”of its factory in the Industrial Gate City in Riyadh. The total value of the contract is 7 Million Saudi Riyals, excluding value-added tax, noting that the the completion of all works as per the contract will be during the last quarter of 2024. It is expected that the project costs will have an impact on cash flow on monthly basis during the construction period, and the company indicates that it will announce any future developments in this regard in due course
Date of Announcement of the Award
2023-12-06 Corresponding to 1445-05-22
Contract Subject Matter
Factory Construction Contract
Date of Signing the Contract
2023-12-06 Corresponding to 1445-05-22
Contract Value
Seven Million Saudi riyals
Contract Details
Construction of a factory for the company in the Industrial Gate City in Riyadh
Contract Duration
10 calendar months from the date of signing the contract
Financial Impact and the Relevant Period
It is expected that the project costs will have an impact on cash flow on monthly basis during the construction period
Related Parties
There are no related parties
Additional Information
The company indicates that it will announce any future developments in this regard in due course
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