Ladun pens SAR 90.5M contract for Abha project

Ladun Investment Co. signed a contract for the implementation of a mixed-use project by Built Industrial Co., a subsidiary, with Arab Markets Co. for the "Abha Walk" project.

The contract value is nearly SAR 90.5 million, excluding value-added tax, and will have a tenor of 18 months, the company said, in a statement to Tadawul.

The mixed-use building project in Abha Walk is located on King Fahd Road in Abha cit. The project consists of six floors: the ground floor, first floor, and part of the second floor are designated for retail stores, while the remaining part of the second floor and the entire third to sixth floors are allocated for office spaces, according to the statement.

The company also indicated that the scope of work includes the execution of all construction and architectural works, as well as electrical and mechanical systems, and common areas preparation, in accordance with the project documents, including drawings, specifications, and bill of quantities.

It expects the related financial impact to reflect on its results during the years 2025 and 2026, continuing until the completion of the project.