Saudi Real Estate Co. (“Al-Akaria”) (The Company) announces the award of a contract for the implementation of "Excavation Works for Car Park A and Car Park B and Related Works” with the Diriyah Gate Company Limited (DGCL) to one of its subsidiaries “Saudi Real Estate Infrastructure Company (Binyah)”
Saudi Real Estate Co. (“Al-Akaria”) (The Company) announces the award of a contract for the implementation of "Excavation Works for Car Park A and Car Park B and Related Works” with the Diriyah Gate Company Limited (DGCL) to one of its subsidiaries “Saudi Real Estate Infrastructure Company (Binyah)” with a total value of 532,052,196.00 Saudi Riyals.
Date of the Award
2023-12-12 Corresponding to 1445-05-28
Contract Value
532,052,196.00 Saudi Riyals. (Including VAT)
Contract Details
The contract includes the implementation of "Excavation Works for Car Park A and Car Park B and Related Works."
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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