| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Co. (“Al-Akaria” ) announces the signing of a Framework Agreement with Expo 2030 Riyadh Company to execute the Early Works for the Expo 2030 Riyadh project (“The project”), to one of its subsidiaries Saudi Real Estate Infrastructure Company (“Binyah”). |
| Memorandum Signing Date | 2025-11-20 Corresponding to 1447-05-29 |
| Counterparty | Expo 2030 Riyadh Company |
| Memorandum Subject | The Agreement scope includes demolition, earthworks and miscellaneous logistics activities to support the Project early works and site logistics. |
| Memorandum Duration | 4 Years |
| Related Parties | Public Investment Fund |
| Financial Impact | The financial impact will be determined based on the assigned works. |
| Additional Information | Binyah Company is one of the national companies specialized in implementing infrastructure development works, of which the Saudi Real Estate Company (Al Akaria) owns (60%). It specializes in constructing roads, streets, sidewalks and road supplies, constructing bridges and tunnels, laying oil and gas pipelines, constructing stations and main lines for water distribution, constructing sewage stations and projects, sewage networks and pumps, constructing port docks and marine construction, demolishing and removing buildings and others, enabling sites from (cutting, filling, Demolition & compaction) and networks extensions. |
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