On July 14, 2026, Knowledge Economic City announced the signing of a framework agreement with Audhah Mubarak Al Biladi & His Sons Contracting Company (ABASCO), dated July 13, 2026, valued at SAR 78,300,500 excluding VAT, covering excavation and earthworks — including bulk excavation, rock excavation, trench excavation, backfilling and compaction, dewatering, and temporary shoring — for a number of future projects over a three-year contract duration. The agreement establishes fixed unit rates to consolidate excavation requirements under a single framework, enabling economies of scale, cost savings, and greater procurement efficiency. Contractor payments will be made in installments based on monthly progress statements, with cash outflows distributed over the contract duration. No related parties are involved in this contract.

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