| Element List | Explanation |
|---|---|
| Introduction | Alwasail Industrial Company announces the signing of a contract with Nesma & Partners Contracting Co. valued at SAR 12,821,160 (excluding Value Added Tax) for the supply of High-Density Polyethylene (HDPE) pipes for the infrastructure project of Phases 2.2 and 2.3 at King Abdullah Economic City (KAEC). |
| Date of Announcement of the Award | 2026-07-12 Corresponding to 1448-01-27 |
| Contract Subject Matter | Supply of High-Density Polyethylene (HDPE) pipes in various sizes and technical specifications for the infrastructure project of Phases 2.2 and 2.3 at King Abdullah Economic City (KAEC). |
| The Entity with Which the Contract was Signed | Nesma & Partners Contracting Co. |
| Date of Signing the Contract | 2026-07-12 Corresponding to 1448-01-27 |
| Contract Value | SAR 12,821,160 (excluding Value Added Tax). |
| Contract Details | The contract covers the supply of High-Density Polyethylene (HDPE) pipes in various sizes and technical specifications for use in the infrastructure works of Phases 2.2 and 2.3 at King Abdullah Economic City (KAEC). The project includes the development of roads, utilities, services, and infrastructure supporting the industrial zones and the Special Economic Zone, while also contributing to the first phase of King Salman Automotive Cluster and the future expansion of the industrial city. |
| Contract Duration | The contract duration ranges from two to ten weeks from the contract signing date. |
| Financial Impact and the Relevant Period | The financial impact of this contract is expected to be reflected in the Company's revenues and financial results throughout the contract execution period, commencing from the third quarter of 2026. |
| Related Parties | None |
Alwasail Industrial Co. Announces the Signing of a SAR 12.82 Million Contract with Nesma & Partners Contracting Co. for the Supply of High-Density Polyethylene (HDPE) Pipes for the Infrastructure Project at King Abdullah Economic City (KAEC)
AI Summary
- Alwasail Industrial Company signed a contract valued at SAR 12,821,160 (excluding VAT) with Nesma & Partners Contracting Co. on July 12, 2026.
- The agreement involves the supply of various high-density polyethylene (HDPE) pipes for infrastructure development in Phases 2.2 and 2.3 of King Abdullah Economic City (KAEC).
- The contract has an execution duration of two to ten weeks from the signing date.
- Financial impact is expected to be reflected in the company’s revenues and results starting from the third quarter of 2026.
