Saudi Real Estate Co. (Al Akaria)’s subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), announced in a statement that it has signed a contract with Diriyah Gate Development Authority (DGDA), for the implementation of “Excavation Works.
The value of the contract is SAR 532 million.
Earlier during December 2023, the company announces the awarding of the contract. (read more)
The scope of works includes excavation works for car parking areas A and B and the related works, noting that the Public Investment Fund (PIF) is a related party. The duration of the contract is 437 days.
Binyah is a national company 60% owned by Al Akaria. It specializes in implementing infrastructure development works, and the construction of roads, streets, sidewalks, road accessories, bridges, and tunnels, as well as the extension of oil and gas pipelines and the construction of water distribution stations and main lines.
The company also builds sewage stations and projects, sewage networks and pumps, port berths, and marine structures. It operates equipping sites for excavation, leveling, and network extensions.
