Emaar, the Economic City Announces the Signing of a Construction Works Contract with Nesma & Partners Contracting Company UJSC

Element List	Explanation
Introduction	Emaar, the Economic City announces the signing of a contract with Nesma & Partners Contracting Company UJSC for the construction of infrastructure networks within the Special Economic Zone located in the Industrial Valley in King Abdullah Economic City. The project includes the infrastructure development of Phase 1 of King Salman Automotive Cluster located within the Special Economic Zone in King Abdullah Economic City in addition to other strategic projects within the Industrial Valley in King Abdullah Economic City. The project also includes key infrastructure development to support existing tenants and meet contractual obligations. Following the completion of the evaluation and feasibility study, the contract was awarded to Nesma & Partners Contracting Company UJSC for a total value of SAR 547.4 million (excluding VAT).
Date of Announcement of the Award	2026-05-05 Corresponding to 1447-11-18
Contract Subject Matter	Construction of infrastructure networks
The Entity with Which the Contract was Signed	Nesma & Partners Contracting Company UJSC
Date of Signing the Contract	2026-07-05 Corresponding to 1448-01-20
Contract Value	SAR 547,381,407 (excluding VAT)
Contract Details	Construction of infrastructure networks under a contract value of SAR 547,381,407 (excluding VAT).
Contract Duration	18 months
Financial Impact and the Relevant Period	The financial impact of the contract is expected to be reflected in the Company’s financial results starting from the third quarter of 2026.
Related Parties	The Public Investment Fund (one of the major shareholders of Emaar, the Economic City) owns 30.1% of Nesma & Partners Contracting Company UJSC.