Announce awarding project to one of its subsidiaries Saudi Real Estate Infrastructure Company (Binyah) with Diriyah Gate Company Limited

Announce awarding project to one of its subsidiaries Saudi Real Estate Infrastructure Company (Binyah) with Diriyah Gate Company Limited

|Element List||Explanation|

|Introduction||The Saudi Real Estate Company . (Al Akaria) Announce awarding project to one of its subsidiaries Saudi Real Estate Infrastructure Company (Binyah) with Diriyah Gate Company Limited. To Design, construction, testing and commissioning of Northern Cultural Car Park, A minimum 2000 space car parking facility over 4 basements with total area of 100,000 m2 approximate, Construction of reinforced concrete building including MEP works ,smart parking control management system and guidance system with a total value of 544,100,564.90 Saudi Riyals.|

|Date of Announcement of the Award||2023-02-13 Corresponding to 1444-07-22|

|Contract Subject Matter||Design and Build Northern Cultural District (NCD) P3 Car Park Project|

|Date of Signing the Contract||2023-02-13 Corresponding to 1444-07-22|

|Contract Value||544,100,564.90 Saudi Riyals.|

|Contract Details||Design, construction, testing and commissioning of Northern Cultural Car Park, A minimum 2000 space car parking facility over 4 basements with total area of 100,000 m2 approximate, Construction of reinforced concrete building including MEP works ,smart parking control management system and guidance system.|

|Contract Duration||548 Days|

|Financial Impact and the Relevant Period||Q1 2023 up to Q2 2024|

|Related Parties||Public investment fund (PIF)|

|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