‎Emaar EC signs SAR 547.4M infrastructure contract with Nesma & Partners

July 6, 2026

‎Emaar EC signs SAR 547.4M infrastructure contract with Nesma & Partners

‎

Logo ofEmaar The Economic City (Emaar EC)

Emaar The Economic City (Emaar EC) signed on July 5 a SAR 547.4 million (excluding VAT) contract with Nesma Partners Co.

According to a statement on Tadawul, the contract covers the construction of infrastructure networks within the Special Economic Zone (SEZ) at the Industrial Valley in King Abdullah Economic City (KAEC).

The project was awarded following the completion of its evaluation and feasibility study.

The scope includes infrastructure works for the first phase of the King Salman Automotive Cluster, as well as other strategic projects within the Industrial Valley. It also covers key infrastructure works to support existing customers and fulfill contractual commitments.

The 18-month contract is expected to begin contributing to the company’s financial results in Q3 2026.

The contract constitutes a related-party transaction (RPTs), as the Public Investment Fund (PIF) owns a 30.1% stake in Nesma Partners. PIF is also one of Emaar EC’s major shareholders.

Contract Details

Item

Details

Company

Emaar EC

Contractor

Nesma Partners

Contract value

SAR 547.4 mln

Signing date

July 5, 2026

Contract term

18 months

Project scope

Construction of infrastructure networks within the SEZ at the Industrial Valley

Covered projects

Phase 1 of the King Salman Automotive Cluster and other strategic projects

Expected financial impact

Starting from Q3 2026

Related party

PIF

‎