Advanced Building Industries Company (Senaat) has announced that its key subsidiary, Zamil Structural Steel Company (Zamil Steel), has been awarded the structural work contract for the National Tennis Center in Qiddiya City, Riyadh.
The scope of work includes fabrication, supply and installation of the structural steelworks and external façades for the kingdom's ambitious National Tennis Center, said Senaat in its filing to Saudi bourse Tadawul.
The contract worth SAR308.2 million ($81 million) was awarded by Qiddiya Tennis Center Joint Venture (comprising Bouygues Bâtiment International – Saudi Arabia Branch and Al Mabani General Contractors Company).
The entire work will be completed within a 19-month period, it stated.
On the financial impact, Senaat said it is expected to appear in the company’s financial statements during the Q4 and is expected to have a positive impact on the company’s financial results.-TradeArabia News Service
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