‎Cenomi Centers signs SAR 825M contract for Madinah project

Arabian Centres Co. (Cenomi Centers) signed a design-and-build contract with Lynx Contracting Co. for the mall and office components of Saudi Downtown Co.’s Madinah Downtown project, according to a statement to Tadawul.

The 30-month contract was signed on Oct. 29 for SAR 825 million, excluding VAT.

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The contract covers the design and construction of the mall and office components, including related engineering, construction, supply, installation, testing, commissioning and handover works, in accordance with the agreed contractual terms.

Saudi Downtown Co. is a subsidiary of the Public Investment Fund (PIF) within its Urban Development Livability ecosystem.

The financial impact is expected to be reflected during the project execution period.

Arabian Centres Co. (Cenomi Centers) signed a design-and-build contract with Lynx Contracting Co. for the mall and office components of Saudi Downtown Co.’s Madinah Downtown project, according to a statement to Tadawul.

The 30-month contract was signed on Oct. 29 for SAR 825 million, excluding VAT.

The contract covers the design and construction of the mall and office components, including related engineering, construction, supply, installation, testing, commissioning and handover works, in accordance with the agreed contractual terms.

Saudi Downtown Co. is a subsidiary of the Public Investment Fund (PIF) within its Urban Development Livability ecosystem.

The financial impact is expected to be reflected during the project execution period.