Alhokair Group embarks on catering project in NEOM

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) has embarked on the implementation of the catering project at residential complexes in NEOM as scheduled.
 
The project was awarded by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group.

In a statement to Tadawul, Alhokair Group said it received the first payment as per the award letter. The contracting measures are underway, and any developments will be duly announced.

The project was won by the group on Dec. 17, 2023, at a total value of SAR 760 million. The relevant financial impact was expected to show starting Q1 2024. Argaam earlier reported.