Arab News, Sunday, Jan 16, 2022 | Jamada Al-Aakhirah 13, 1443
Saudi developer KEC awards construction contract for Madinah Gate bus station
Saudi Arabia:
Saudi developer Knowledge Economic City has
awarded a construction contract to build a bus station for its ongoing Madinah
Gate development.
The contract, which costs SR48.9 million ($13
million) was awarded to Mohammed Al-Rashed Trading and Contracting company to
build the station that will include retail shops, a bourse filing showed.
The station forms a major part of the Madinah Gate
Project, which has two other important developments - a hotel and a mall.
Construction could take up to two years, the
company said.
Madinah Gate is a vast redevelopment of land
adjacent to the Haramain high-speed railway station in the city.
It will include a 4-star hotel and a bus station
connected directly to the train station, a commercial and entertainment center
with 23,000 square meters of leasable area containing 78 shops, 39 restaurants
and cafes, two entertainment centers, a cinema with 800 seats, and 800 parking
spaces.