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Perfect Presentation for Commercial Services Co. (2P) Announces Contract Sign Off contract for the project“Operation and Maintenance of Technical Systems for Zones 1 and 5 of The Sports Boulevard Project“ under a framework agreement with a financial ceiling of (19,998,500.00) SAR including VAT.
| Element List | Explanation |
|---|---|
| Introduction | Perfect Presentation Company for Commercial Services (2P) is pleased to announce the sign off of contract for the project: Operation and Maintenance of Technical Systems for Zones 1 and 5 of The Sports Boulevard Project, under a framework agreement with a financial ceiling of (19,998,500.00 SAR ) only Nineteen million, nine hundred ninety-eight thousand and five hundred Saudi Riyals, including Tax. |
| Date of Announcement of the Award | 2025-03-26 Corresponding to 1446-09-26 |
| Contract Subject Matter | Operation and Maintenance of Technical Systems for Zones 1 and 5 of The Sports Boulevard Project |
| The Entity with Which the Contract was Signed | Sports Boulevard Foundation |
| Date of Signing the Contract | 2025-03-27 Corresponding to 1446-09-27 |
| Contract Value | (19,998,500.00) SAR only (Nineteen million, nine hundred ninety-eight thousand and five hundred Riyals), including VAT. |
| Contract Details | The project aims to provide a detailed 24/7 maintenance and operation plan for seven essential systems and network infrastructures in Zones 1 and 5 of the project. The systems covered by the agreement are: • Public Address and Voice Alarm (PAVA) System • Closed-Circuit Television (CCTV) Systems • Access Control System • Supervisory Control and Data Acquisition (SCADA) System • Wayfinding Systems • Lighting Control System • Pavegen System (or Step Energy Generation System) Deliverables: • Ensuring the continuous operation of technological systems such as (CCTV, PAVA, AccessControl, SCADA, and lighting systems) and other Technologies for SBF. • Enhancing security and operational efficiency through preventive and correctivemaintenance. • Effective oversight and management of all systems to ensure their longevity andperformance. • Providing ongoing technical support for users and ensuring compliance with technical andsecurity standards. Establishing a flexible and adaptable technical framework that can be modified anddeveloped in line with technological advancements. |
| Contract Duration | 36 Months. |
| Financial Impact and the Relevant Period | Positive for the financial years 2025-2026-2027-2028 |
| Related Parties | N/A |
| Additional Information | The agreement was received by the company on April 7, 2025 |
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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