Al Akaria's unit inks SAR 432m deal with Diriyah Gate Development Authority

akaria, development, contract, infrastructure, authority,
Saudi Arabia

Al Akaria's unit inks SAR 432m deal with Diriyah Gate Development Authority

: Saudi Real Estate Infrastructure Company (Binyah), a 60%-owned subsidiary of (Al Akaria), signed a contract with Diriyah Gate Development Authority to implement infrastructure work at Wadi Hanifa for SAR 432.06 million. The project includes the establishment of road works, water and sewage networks, rainwater drainage, irrigation, street lighting, and related works, Al Akaria said in a bourse disclosure on Thursday. The 478-day contract is expected to have an impact on the financial results for the fourth quarter (Q4) of 2021 and 2022.

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