Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting.
Work has begun on a series of intersection upgrades in Riyadh’s western and southern districts, including the one at Ali bin Shiban Street in Al Awali district, as well as the intersection at Ibn Majah Road, as authorities move to modernise infrastructure and ease congestion in the fast-growing capital.
Ladun Investment Company, in consortium with Al Ayuni Investment and Contracting Company, has secured a major infrastructure development contract valued at SAR326.7 million ($87.08 million), according to a Saudi Stock Exchange (Tadawul) filing.
The Royal Commission for Riyadh City (RCRC) has announced steady progress on the Taif Road extension project, a strategic component of the first batch of the SAR13 billion ($3.4 billion) Main & Ring Road Axes Development Programme, with 65% of the work already completed.
Following the recent announcement from Bahrain Civil Aviation Affairs regarding the reopening of the of airspace of the Bahrain, Gulf Air, the national carrier of the kingdom, resumed its operations from Bahrain International Airport after 40 days of airspace closure with its inaugural flight to Riyadh.
Messe Frankfurt Saudi Arabia, organiser of Automechanika Riyadh, Saudi Arabia’s leading regional automotive aftermarket trade event, has announced the postponement of the upcoming edition.
Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed an agreement with Tawafuq Al Rimal Real Estate Fund for the development of an integrated residential compound in Al Rimal District, Riyadh, featuring a total of 503 homes.
Alkhorayef Water and Power Technologies Company has announced that it has secured a contract from the Royal Commission for Riyadh City to provide operation and maintenance services for treated sewage effluent (TSE) networks and facilities in the Saudi capital.
The Black Gold Museum at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh was inaugurated on Tuesday, marking a significant milestone in Saudi Arabia’s cultural landscape.
The Saudi Heritage Commission, Sadus Foundation and Riyadh Municipality have entered into an agreement to develop the Sadus Historic Village, a prominent archaeological and heritage site in Saudi Arabia. The deal is aimed at rehabilitation of heritage buildings and sites within Sadus.
