Sign in
PORTS-
Zamil Steel + Bahri ink agreement to construct Bahri Bonded Zone: Zamil Steel subsidiary Zamil Steel Pre-Engineered Buildings Company has been awarded a contract by Bahri Logistics Company to build Bahri Bonded Zone at Jeddah Islamic Port, according to a statement. The project, slated for completion in September 2024, covers the design, fabrication, supply, and erection of a pre-engineered steel building spanning an area of 37 k square meters. The building is set to include office space, a warehouse, a mechanical roof, a mezzanine floor, and utility annexes, the statement said.
ADVERTISING-
Outdoor advertising player Al Arabia was awarded a SAR 534 mn contract from Dubai’s Roads and Transport Authority (RTA) to install, operate and maintain 294 outdoor advertising sites in the emirate, it said in a disclosure to Tadawul yesterday. The contract runs for over 10 years.
TOURISM-
The Tourism Development Fund (TDF) signed a MoU with the PIF company Dan to help support investment in agritourism here, state news agency SPA reported yesterday.
REAL ESTATE-
Jadwa REIT fund sells residential compound in Al Khobar:Jadwa REIT Saudi has completed the sale of Al Fanar Residential compound, it said in a disclosure to Tadawul yesterday, without disclosing the identity of the buyer. The fund said it has completed the contract’s terms and received proceeds from the sale which is estimated at SAR 90 mn. Jadwa REIT is a unit of Jadwa Investment Co.
M&A WATCH-
Almunajem Foods extended a non-binding MoU to acquire 17% of Balady Poultry Trading Co, it said in a disclosure to Tadawul yesterday. The MoU was extended to 30 April to help complete the due diligence process, it said.
