Ladun pens SAR 90.5M contract for Abha project

Logo of Ladun Investment Co.

Ladun Investment Co. signed today, July 6, a contract for the implementation of a mixed-use project as part of the wider Abha Walk project that is being developed by Built Industrial Co., a subsidiary, with Arab Markets Co.

The 18-month contract is valued at nearly SAR 90.5 million, excluding value-added tax, according to a Tadawul filing.

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The six-story mixed-used complex is located on King Fahd Road in Abha city. A portion of the second floor is designated for retail stores, while the remaining part and the entire third to sixth floors will feature office spaces, the statement noted.

Ladun’s scope of the work entails the execution of all construction and architectural works, as well as electrical and mechanical systems, alongside common areas preparation.

Implementation should come in accordance with the project documents, including drawings, specifications, and bill of quantities.

Ladun expects the related financial impact to be reflected on its results for 2025 and 2026, extending until project completion.