Al-Jouf Agricultural approves SAR398.43m of bids for liquid fuel displacement and power connection project at Busaita, Argaam reports

Al-Jouf Agricultural Development Co. has approved bids totalling SAR398.43 million, excluding VAT, for its liquid fuel displacement and electricity connection project at its facilities in Busaita Center, Al-Jouf Region, the company said in a Tadawul statement reported by Argaam on 12 November 2026. The approval followed technical and financial evaluation of the bids.

The approved scope covers the internal electricity network, external electrical connection cable lines, engineering supervision, and management of the internal network and external connection contracts. The company is still reviewing and negotiating the project’s final phase. Implementation is due to begin before the end of Q4 2026 and run for 13 months. Argaam data show the board approved the project in January 2026 with an estimated budget of SAR500 million.

Not confirmed: the names of the contractors and the contract signing dates; the final phase is still under negotiation.

Sources: Argaam (Tadawul statement), 12 November 2026. Reviewed 13 November 2026.