Asas Makeen signs SAR315m Riyadh construction agreement
- Client
- Asas Makeen Real Estate Development and Investment Company
- Winning contractor
- Itihad Al-Thabat Contracting
- Contract value
- SAR315m (US$84m), portfolio agreement
- Award date
- Not confirmed in source
Reporting and evidence
Fields reflect the linked reporting below. Publication, announcement and signing dates are not treated as award dates.
Evidence for these fields
Extracts from this article. Original source links remain in the full story.
- Client: Asas Makeen Real Estate Development and Investment Company has signed a SAR315m ($84m) agreement with Itihad Al-Thabat Contracting for construction and finishing works on a portfolio of residential and commercial developments in Riyadh.
- Winning contractor: Asas Makeen Real Estate Development and Investment Company has signed a SAR315m ($84m) agreement with Itihad Al-Thabat Contracting for construction and finishing works on a portfolio of residential and commercial developments in Riyadh.
- Contract value: Asas Makeen Real Estate Development and Investment Company has signed a SAR315m ($84m) agreement with Itihad Al-Thabat Contracting for construction and finishing works on a portfolio of residential and commercial developments in Riyadh.
Full story and sources
Asas Makeen Real Estate Development and Investment Company has signed a SAR315m ($84m) agreement with Itihad Al-Thabat Contracting for construction and finishing works on a portfolio of residential and commercial developments in Riyadh.
The projects cover a combined area of approximately 65,000 square metres and will be delivered under a cost-plus-fee contracting arrangement.
The disclosure does not allocate the SAR315m value among individual developments, so we should not manufacture individual project values from the portfolio total.
For the downstream market, the programme is relevant to MEP, finishing, façades, building materials, specialist systems and other subcontract packages as the individual developments enter execution.
Sources: Asas Makeen, Saudi Exchange, Argaam.