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Element List	Explanation
Introduction	Announcement by Ladun Investment Company regarding the award of the infrastructure development project for the land (Namar) under the Real Estate Balance Program – Phase One, to Ladun Investment Company in consortium with Al Ayuni Investment and Contracting Company, by the Royal Commission for Riyadh City, with a total value of SAR 326,699,471.44 (inclusive of VAT).
Date of Award	2026-05-05 Corresponding to 1447-11-18
Counterparty	Royal Commission for Riyadh City
Project Value	SAR 326,699,471.44 (inclusive of VAT)
Expected Date for Signing the Contract	2026-05-21 Corresponding to 1447-12-04
Project Details	This project includes the design, execution, and delivery of infrastructure works for the Namar land (569,933 sqm) in accordance with the highest technical and operational standards, while complying with the requirements of the relevant authorities (Riyadh Municipality, National Water Company, Saudi Energy Company, telecommunications companies, Real Estate General Authority, off-plan sales program “Wafi”, and other service providers). The scope of work includes preparing the detailed master plan and executive designs; implementing road, water, sewage, electricity, and telecommunications networks; designing public realm spaces and parks; coordinating and connecting utility services; and ensuring the land is fully ready for handover to citizens with complete infrastructure. The project represents a model of integration between urban planning, sustainability, and technology, contributing to improving quality of life and increasing the supply of residential real estate in the city of Riyadh.
Related Parties	NA