Arabian Centres awards contract to build new mall in Saudi Arabia
RIYADH, April 28, 2021
Arabian Centres Company, a leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, has awarded a SR257.3 million ($68.5 million) contract to Lynx Contracting Company for the construction of a new shopping centre in Madinah.
The project, Madina Walk, will be the second addition to ACC's portfolio of shopping centres in the city, and is set to add about 57,000 sq m to its gross leasable areas (GLA), said ACC in its filing to the Saudi bourse Tadawul.
The retail pioneer said in addition to the construction and development of the commercial centre, Lynx Contracting will be responsible for site preparation, excavation, backfilling and land leveling works.
Work on the project will start soon and is likely to be completed in 14 months, it added.-TradeArabia News Service
