The Knowledge Economic City (“the Company”) announces the signing of a framework agreement with Audhah Mubarak Al Biladi and His Sons Company (ABASCO) for the execution of excavation and earthworks for number of future projects.

Knowledge Economic City signed a three-year framework agreement with Audhah Mubarak Al Biladi and His Sons Company (ABASCO) for excavation and earthworks.
The contract is valued at SAR 78,300,500 (excluding VAT) and was signed on July 13, 2026.
The scope of work includes bulk, rock, and trench excavation, backfilling, compaction, dewatering, and temporary shoring for upcoming company projects.
Financial impact will be distributed over the three-year contract period via monthly progress payments based on executed work.