Ladun and Al Ayuni Win $637 Million Riyadh Infrastructure Contracts

Dubai (PlantAndEquipment.com) - A consortium headed by Ladun Investment Company and Al Ayuni Investment and Contracting Company has won infrastructure development contracts in Riyadh totaling SAR2.39 billion ($637 million).

The Royal Commission for Riyadh City granted the contracts as part of the Real Estate Balance Program's first phase.

Infrastructure projects in Al Qirawan and Al Narjis are covered under the first package, which is worth SAR2.06 billion ($549 million). The second package, which is worth SAR326.7 million ($87 million), deals with the development of the Namar region.

Master planning, road building, water and sewage networks, telecom and electrical infrastructure, parks, and public realm development are all included in the scope.