| Element List | Explanation |
|---|---|
| Date of Award | 2026-05-04 Corresponding to 1447-11-17 |
| Counterparty | Nesma and Partners Contracting Co. |
| Project Value | 547.3 million Saudi Riyals (Excluding VAT) |
| Project Details | The project is regarding the infrastructure development of areas within the Industrial Valley and the Special Economic Zone at King Abdullah Economic City, including Phase 1 of King Salman Automotive Cluster. These areas are partially developed and require completion of key infrastructure works to support existing tenants and meet contractual obligations. Following evaluation and updated project feasibility, the contract has been awarded to Nesma and Partners Contracting Co. with a total value of SAR 547.3 million Saudi Riyals (Excluding VAT). |
| Related Parties | The Public Investment Fund (one of the major shareholders of Emaar, the Economic City) owns 30.1% of Nesma and Partners Contracting Co. |
| Additional Information | The Company will announce on Tadawul the signature of the contract with Nesma and Partners Contracting Co. upon signing. |
