‎Al Arabia unit bags SAR 68.3M billboards contract in Makkah

‎Al Arabia unit bags SAR 68.3M billboards contract in Makkah ‎Al Arabia unit bags SAR 68.3M billboards contract in Makkah

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Al Arabia says subsidiary Faden Media Co. holds the 10-year contract

Arabian Contracting Services Co.’s (Al Arabia)wholly owned subsidiary, Faden Media Co., was awarded on Sept. 28 a contract to establish, operate, and maintain advertising billboards on building facades at various locations in Makkah, according to a statement to Tadawul.
This project aims to boost services for visitors and pilgrims in Makkah with a design that complements the urban landscape and Islamic identity. In addition, Faden Media continues to strengthen its presence and expand its network by adding large-scale premium screens, providing clients with broader opportunities for visibility and impact in Makkah through the adoption of the latest advertising technologies.

The contract was awarded by Al Balad Al Ameen Co., the investment wing of Holy Makkah Municipality, for SAR 68.25 million (excluding VAT).

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The contract term is 10 years, including a one-year preparation and construction period free of charge.

The project consists of advertising billboards on the facades of at least four buildings, located along the following main axes; Prince Mohammed bin Salman Axis, Makkah – Old Jeddah Road, Makkah – Madinah Road, Makkah – Al Sail, Taif Road, Makkah, Al Hada, Taif Road, Ibrahim Al Khalil Road and Makkah Al Lith Road.

The deal included no related Parties, the statement added.

 

Al Arabia says subsidiary Faden Media Co. holds the 10-year contract

Arabian Contracting Services Co.’s (Al Arabia)wholly owned subsidiary, Faden Media Co., was awarded on Sept. 28 a contract to establish, operate, and maintain advertising billboards on building facades at various locations in Makkah, according to a statement to Tadawul.
This project aims to boost services for visitors and pilgrims in Makkah with a design that complements the urban landscape and Islamic identity. In addition, Faden Media continues to strengthen its presence and expand its network by adding large-scale premium screens, providing clients with broader opportunities for visibility and impact in Makkah through the adoption of the latest advertising technologies.

The contract was awarded by Al Balad Al Ameen Co., the investment wing of Holy Makkah Municipality, for SAR 68.25 million (excluding VAT).

The contract term is 10 years, including a one-year preparation and construction period free of charge.

The project consists of advertising billboards on the facades of at least four buildings, located along the following main axes; Prince Mohammed bin Salman Axis, Makkah – Old Jeddah Road, Makkah – Madinah Road, Makkah – Al Sail, Taif Road, Makkah, Al Hada, Taif Road, Ibrahim Al Khalil Road and Makkah Al Lith Road.

The deal included no related Parties, the statement added.

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