Ladun unit secures $167m Saudi ministry project
RIYADH, July 23, 2024
Saudi-based Ladun Investment Company said one of its key subsidiaries, Built Industrial Company has been awarded a SAR628 million ($167.3 million) contract by the Ministry of Municipalities and Housing for the expansion of the ministry’s headquarters in Riyadh.
The scope of work includes expansion of the current HQ building of the Ministry of Municipalities and Housing of eight concrete floors, including two underground parking zones that are connected to the building by a pedestrian bridge at the level of the third floor, stated Ladun in its filing to Saudi bourse Tadawul.
The project implementation includes all structural and architectural works, electrical and mechanical systems for buildings A, B and co-ordination of the general site as per the project documents of plans, specifications and schedules quantities.
The Ministry HQ is located the intersection of King Fahd Road and King Abdullah Road in Riyadh.
The entire work will be completed within a four-year period, it added.-TradeArabia News Service
