Knowledge Economic City Unit Awards SAR91 Million Infrastructure Contract to Salco Saudi

03:59 AM EDT, 07/28/2026 (MT Newswires) -- Saudi real estate developer Knowledge Economic City Co. (SASE:4310) said Tuesday its unit Algharraa International Real Estate Development selected Salco Saudi Contracting Co. for infrastructure works at its Southeastern district. The contract is valued at 91 million Saudi riyals and will run for 24 months. Salco's scope of work includes general site works, earthworks, excavation and backfilling, roads and pavements, potable water and sewerage networks, electrical works, street lighting network, and information and communication technology infrastructure. Payments will be made monthly based on the percentage of work completed.