Saudi’s Al Akaria unit wins $145mln contract for Diriyah car park project

Saudi’s Al Akaria unit wins $145mln contract for Diriyah car park project

Saudi Real Estate Co. (Al Akaria) said its subsidiary, Saudi Real Estate Infrastructure Company (Binyah), has won a 532.05 million Saudi riyal ($144.87 million) contract from Diriyah Gate Company Limited. The contract includes the excavation works for Car Park A and B, as well as the related works, Al Akaria said in a statement to the Saudi stock exchange on Wednesday. The time frame for completion was not given. In April, Diriyah and Binyah broke ground on the SAR544 million ($144.95 million) Northern Cultural District Car Park project, a part of the $63.2 billion Diriyah giga-project masterplan. (Writing by P Deol; Editing by Anoop Menon) ([email protected]) Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa Saudi's Al Akaria unit wins $145mln contract for Diriyah car park project