Asas Makeen bags $64mln construction contract from NHC for Riyadh project
The company will execute the superstructure works for the construction of 470 residential units in the 'Tali' phase of the master community at the cost of 240 million Saudi riyals ($63.94 million), the Nomu-listed firm said in a statement on Monday.
The phase covers a total area of nearly 71,178 square metres (sqm).
The contract, which is scheduled to be completed in 42 months, will have a positive financial impact from the fourth quarter of 2025, the statement said.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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