SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Al Widyan Co. (SRECO) Awards SAR 1.1 billion Contract to BINYAH
 
Al Widyan Co. (SRECO) Awards SAR 1.1 billion Contract to BINYAH
  • Contract is to develop infrastructure for a 7 million square metre development in the northern growth corridor of Riyadh
  • Contract is expected to generate over 2000 jobs in Saudi Arabia
RIYADH, 16 September 2018:   Al Widyan Saudi Real Estate Company (Al Widyan Co.), a private joint stock company owned by Al Akaria Saudi Real Estate Co. (SRECO), has awarded a SAR 1.1 billion contract to BINYAH to develop key infrastructure on the Al Widyan project, SRECO’s 7 million square metre site in the northern growth corridor of Riyadh.
 
BINYAH is a joint venture between SRECO and Mohammad Ali Al Swailem Group (MASCO), which own 60% and 40% of the joint venture company respectively. Binyah will be responsible for developing all of the infrastructure of the Al Widyan project.   
 
Groundworks on SRECO’s 7 million square metre site have already begun, and BINYAH will deliver community and utility buildings, roads, cabling and pipework. 
 
The scale of the project is illustrated by the scope of works under the contract, which includes 80km of roads, 275km of power supply cabling, 250km of telecoms cabling, 100km of potable water pipework and a 200km irrigation network. *notes to editors 
 
Abdulrahman Almofadhi, Chairman of the Board of Directors of SRECO said, “The project under development is a massive undertaking. We are confident that BINYAH will deliver the high-quality roads, water networks, electricity networks, sewage networks, power stations and other elements of the project to make it a success. Infrastructure delivery under BINYAH’s contract is expected to generate 2000 jobs, a large proportion of them for Saudis.” 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 13450 times
PR Category : Real Estate & Retail
Posted on : Sunday, September 16, 2018  2:32:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : Dar Al Arkan Seeks Accreditation from ETMAM for Three Develo...
Next Story : Ascott Rafal Olaya Riyadh Undertakes Saudization Efforts
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Catrice Launches Limited Edition About Tonight Collection for Ramadan 2024 [24561-Views]
SHEGLAM Unveils Exclusive Ramadan ‘Lunar & Stellar Box Set', across GCC countries. [22633-Views]
2023 Safest Year for Flying By Several Parameters [21232-Views]
Progress Report: Sustainability, Digitalization and Safety in Air Cargo [20036-Views]
F-16 Block 70 Jets Set Off on Historic Ferry Flight to Bahrain: A New Era in Air Defense [19920-Views]
Eid Gift Guide – Fragrance Edition [19080-Views]
Al Haramain Group shares its business growth by hosting UAE's largest Iftar for 5,000 people as it e... [15409-Views]
Watches & Wonders 2024 Unico: Hublot's Manufacture Calibre [14846-Views]
Show appreciation with Dyson's innovative gifts this Mother's Day [14437-Views]
flydubai adds two destinations in the Kingdom of Saudi Arabia [14239-Views]
TCL Unveils World's Largest QD-Mini LED TV in Dubai [13725-Views]
Response Plus Holding Net Profit surges 68% to AED 49.39 million during 2023 [13482-Views]
U By Emaar Announces International Expansion with Prestigious New Venue at Address Jabal Omar Makkah... [12943-Views]
Saudi Consumers can now sleep better with help from a New Natural & Non-Habit forming Aid for Sleep ... [12361-Views]
Bremont introduces a new generation of its Supermarine diving watch series [12317-Views]
Marking a historic achievement, non-oil activities reached 50% of Saudi Arabia's Real GDP in 2023 [12169-Views]
Regent and InterContinental hotels to open in the King Abdullah Financial District (KAFD) [11801-Views]
Address Jabal Omar Makkah Invites you to Escape to a Realm of Tranquillity and Luxury [11586-Views]
Saudi Arabia Champions Transparent Pandemic Response at G20 Health Ministers' Meeting [11462-Views]
Asm Global Appointed Managers of kafd Conference center in Riyadh, Saudi Arabia [11448-Views]
 
RSS Facebook Twitter LinkedDin SaudiArabiaPR.com on Instagram
 
Top Sections
 
Top Stories