Announce awarding project to one of its subsidiaries Saudi Real Estate Infrastructure Company (Binyah) with Diriyah Gate Company Limited
- Date: 13-Feb-2023
- Source: Mubasher
- Sector:Real Estate
- Country:Saudi Arabia
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