Al Akaria Awards SAR 463M Porta Jeddah Contract

ALAKARIA

ALAKARIA

4020.SA

0.00

Saudi Real Estate Co ("Al Akaria") announced on May 12, 2026 the awarding of the Porta Jeddah mixed-use project (Package One) to Mounes Mohamed Alshayeb for Civil Construction ("MOBCO") for SAR 463,132,910 (excluding VAT). The contract was awarded on May 11, 2026 and covers structural works for all project components including the hotel, external facades, electromechanical works for all components excluding the hotel, and public and landscaped areas.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95280&anCat=1&cs=4020&locale=ar

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