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Arabian Contracting Services Co. announces winning the bid for the construction and operation of billboards at King Khalid International Airport in Riyadh City.
| Element List | Explanation |
|---|---|
| Introduction | Arabian Contracting Services Co. announces winning the bid for the construction and operation of billboards at King Khalid International Airport in Riyadh City on Monday, 22 May 2023, which was offered by Riyadh Airports Company, and the duration of the contract is 10 years. Al Arabia aims to expand in the field of advertising and adopt the latest technologies of outdoor advertising in support of the objectives and vision of King Khalid International Airport, as an ambitious objectives of Vision 2030 and the National Transformation Program. The company seeks through this project; to set a new standard for airports designs, increase advertising sales, and enhance travelers’ experiences through exceptional services provided, and innovative advertising solutions. Airports play a key role in attracting direct and indirect economic and investment activities, and developing airports have multiple economic impacts that contribute effectively to the rise of the economic, social, cultural, and tourism development index and contribute to achieving the goals of Vision 2030. In addition, it is one of the most important strategic sites for advertisers. King Khalid International Airport is one of the most active airports in the region and is considered one of the largest airports in terms of area in the world, where the airport's land area is about 370 square kilometers, and more than 50 international and local airlines operate through the airport and serving about 24 million travelers annually. |
| Date of the Award | 2023-05-22 Corresponding to 1444-11-02 |
| Contract Value | The value will be disclosed upon signing of the contract. |
| Contract Details | Arabian Contracting Services Co. announces winning the bid for the construction and operation of the billboards at King Khalid International Airport in Riyadh City for a period of 10 years, and the value of the contract will be disclosed upon signing of the contract. |
| Related Parties | N/A |
| Additional Information | The company will announce more details upon signing of the contract. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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