Saudi Real Estate Infrastructure Company has signed a contract with Amaala Company for the implementation of excavation, backfilling and earthworks preparing for the TRIPLE BAY project.
BINYAH is one of the national companies specialized in the implementation of infrastructure development works, of which the Saudi Real Estate Company owns (60%), it specializes in road works, bridges, tunnels, and construction and extension of water and wastewater networks, And the establishment and extension of transport networks, power and electricity distribution, and communication networks, Constructing and reviving public parks, and irrigation networks, Construction of dams, and the manufacture and sale of prefabricated concrete for pre-fabricated infrastructure purposes.
Binyah Chairman of the Board Mr. Ibrahim Al-Alwan said that this agreement marks a strategic turning point for the company, being the first business agreement with Amaala to implement the preparatory works for the start of the development of the Amaala project, one of the most important luxury tourism projects in the world.
Eng. Fahad Al-Mesfir, CEO, Binyah, stated: “The agreement marks a strategic turning point for the company given it’s the first business agreement with AMAALA to implement the preparatory works. Binyah will work to provide the highest quality standards in the implementation of the project which will contribute to achieving the ambitions of the Kingdom’s 2030 vision.