Ladun subsidiary wins SAR 120.6M project with Jazan City

Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 120.57 million (including VAT) project by Jazan City for Primary & Downstream Industries, according to a statement to Tadawul.

The project includes executing all the necessary work to construct buildings and warehouses for the operational and maintenance departments - the first phase – in Jazan City for Primary & Downstream Industries. In addition, the project includes green spaces and site development in accordance with competition blueprints and documents to produce a fully functional and operational facility.

There are no related parties to the deal, the statement added.

The company said that the award notification was received on Sunday, July 21, and the contract is expected to be signed on October 16.