Emaar Signs with Nesma a Contract for Infrastructure Construction in the Industrial Valley

Hamed Al-Ghamdi from Riyadh

Monday, July 6, 2026 8:15 | 1 minute read

Saudi Emaar Economic City Company signed a contract worth 547.4 million riyals with Nesma & Partners Contracting Company to carry out infrastructure network construction works within the economic zone in the Industrial Valley in King Abdullah Economic City.

According to the company's statement on "Tadawul" today, the project includes infrastructure works for the first phase of the King Salman Automotive Complex, located within the special economic zone in King Abdullah Economic City, in addition to other strategic projects within the Industrial Valley. The project involves implementing main infrastructure works to support current clients and fulfill contractual obligations.

The company indicated that the contract duration is 18 months, expecting the financial impact of the contract to reflect on its financial results starting from the third quarter of 2026.

Emaar added that the Saudi Public Investment Fund, a major shareholder in Emaar Economic City Company, also owns a 30.1% stake in Nesma & Partners Contracting Company, as a related party.

Tue, 12 2026

Emaar Economic City Company is the master developer of King Abdullah Economic City, one of the most important and largest city development projects managed by the private sector in the world, spanning 185 million square meters on the Red Sea coast north of Jeddah, with a current capital of 8.8 billion riyals.

King Abdullah Economic City is considered a ready platform for business and investment, serving as a key driver of development in the Kingdom and a major contributor to enhancing the Saudi non-oil economy.

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