Emaar the Economic City Enters SAR547 Million Infrastructure Networks Deal in Saudi Arabia

Emaar the Economic City (SASE:4220) signed a construction contract worth 547.4 million Saudi riyals with Nesma & Partners Contracting, according to a Monday release. Under the 18-month agreement, Nesma & Partners Contracting Co. will build the infrastructure networks for the first phase of the King Salman Automotive Cluster in the Special Economic Zone of King Abdullah Economic City, Saudi Arabia. The Saudi-listed real estate developer awarded the contract to Nesma & Partners Contracting in May.