Ladun Reveals Major $93 Million Contract for Riyadh Security Project

Ladun Reveals Major $93 Million Contract for Riyadh Security Project

By Staff Writer, 08 April 2024

Ladun Investment Company, headquartered in Saudi Arabia, has revealed that its prominent subsidiary, Built Industrial Company, has clinched a substantial contract valued at SAR348.4 million ($93 million) from the Presidency of State Security for a significant project in the capital city of Riyadh.

Under the terms of the agreement, Built Industrial Company is tasked with delivering architectural, electrical, and mechanical services for a security facility situated within the Naif Security Complex in Riyadh.

This disclosure was made by Ladun in its official submission to the Saudi bourse, Tadawul.

According to the announcement, the entirety of the contracted work is slated for completion within a timeframe of two years.

Source: Trade Arabia

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