Rawasi Albina signs SAR 8.2M project contract

26/01/2025 Argaam
Logo ofRawasi Albina Investment Co.

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co. signed a 24-month contract with InfraRoad Binyah Limited for the Qiddiya primary and secondary road, bridge and utilities (package 3), at a total value of SAR 8.21 million, excluding VAT, the company said in a statement to Tadawul.

For more news and details on the projects

The contract entails providing services for implementing infrastructure projects, in addition to electricity, communications, and data network services.

A positive financial impact is expected to reflect starting from H1 2025 until 2026, the statement added, noting that there are no related parties to the deal.

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