SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Al Widyan Co. (SRECO) Awards SAR 1.1 billion Contract to BINYAH
Al Widyan Co. (SRECO) Awards SAR 1.1 billion Contract to BINYAH
  • Contract is to develop infrastructure for a 7 million square metre development in the northern growth corridor of Riyadh
  • Contract is expected to generate over 2000 jobs in Saudi Arabia
RIYADH, 16 September 2018:   Al Widyan Saudi Real Estate Company (Al Widyan Co.), a private joint stock company owned by Al Akaria Saudi Real Estate Co. (SRECO), has awarded a SAR 1.1 billion contract to BINYAH to develop key infrastructure on the Al Widyan project, SRECO’s 7 million square metre site in the northern growth corridor of Riyadh.
 
BINYAH is a joint venture between SRECO and Mohammad Ali Al Swailem Group (MASCO), which own 60% and 40% of the joint venture company respectively. Binyah will be responsible for developing all of the infrastructure of the Al Widyan project.   
 
Groundworks on SRECO’s 7 million square metre site have already begun, and BINYAH will deliver community and utility buildings, roads, cabling and pipework. 
 
The scale of the project is illustrated by the scope of works under the contract, which includes 80km of roads, 275km of power supply cabling, 250km of telecoms cabling, 100km of potable water pipework and a 200km irrigation network. *notes to editors 
 
Abdulrahman Almofadhi, Chairman of the Board of Directors of SRECO said, “The project under development is a massive undertaking. We are confident that BINYAH will deliver the high-quality roads, water networks, electricity networks, sewage networks, power stations and other elements of the project to make it a success. Infrastructure delivery under BINYAH’s contract is expected to generate 2000 jobs, a large proportion of them for Saudis.” 

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 2530 times
PR Category : Real Estate & Retail
Posted on : Sunday, September 16, 2018  2:32:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
As if Made from One Piece: GROHE Offers Individual System Solutions for the Entire Work Area Around ... [16490-Views]
Cerruti 1881' [15842-Views]
Saint Honore [14739-Views]
Chloé Launches The New Cloud-shaped “rosie” Sunglasses [11279-Views]
Let Your Style Roar [10799-Views]
Max Mara Resort 2020 Collection [10459-Views]
Festival of Speed Celebrates Aston Martin's Racing History [9463-Views]
Ralph Lauren Presented with an Honorary UK Knighthood [8327-Views]
A year on the road: Saudi Women Create First Women's Car Club in the Kingdom [8307-Views]
Ink Your Lips This Summer With Artist Rouge Ink, Make Up for Ever's New Airlightlip Color [7897-Views]
Sheikh Mansoor Bin Mohammed crowns Saudi Driving School as NAS Futsal Champions' [6375-Views]
Al Ain International Airport welcomes daily flights to Jeddah during Ramadan [6134-Views]
Saudi Arabia's Ministry of Energy, Industry and Mineral Resources signs a contract announcing major ... [5970-Views]
Genesis G70 Wins Best Luxury Sedan Award [4990-Views]
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone [4932-Views]
Siemens to supply power equipment and services for 840 MW power plant in Iraq [4867-Views]
Sports Collection - Autumn Winter 2019 [4768-Views]
Global Cinema Chain, Cinépolis, Announces Six New Cinema Locations in the Kingdom of Saudi Arabia [3784-Views]
Ralph Lauren at The Championships, Wimbledon – Sunday 14th July [3780-Views]
Redtag's Ramadan Bonanza Winners [3313-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories