“Knowledge City” signs a contract to implement the construction work for the Riyadh Schools Complex

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“Knowledge City” signs a contract to implement the construction work for the Riyadh Schools Complex

Yesterday, Knowledge Economic City Company signed a contract to implement the construction, mechanical, electrical and plumbing works for the Riyadh school complex in Knowledge Economic City with Astra Construction Company.

The company said in a statement on its website "Saudi Arabia trading"She added that the value of the contract is estimated at 32.48 million riyals, while the duration of the contract is 7 months. She noted that the contractor’s dues will be paid in installments according to monthly extracts based on the contract tasks that are being implemented, and thus the period in which the financial impact of the cash outflows to pay the contractor’s dues will be reflected is distributed over Over the duration of the project contract.

According to the statement, the signing of this contract comes within the steps of implementing the agreement signed between the Knowledge Economic City Company and the Riyadh Schools Holding Company, affiliated with the non-profit Mohammed bin Salman Foundation – Misk, according to which the Knowledge Economic City Company will develop the educational complex and its affiliated facilities on the land owned by it, including the implementation of construction work and all equipment and requirements for the modern educational complexes and its accompanying facilities in accordance with the highest engineering and technical specifications determined by the Riyadh Schools Group, in line with the institutional identity and standards approved in the group’s schools. And with the approved engineering and technical specifications, and in accordance with the requirements of the relevant authorities.

The Riyadh Schools Holding Company is responsible for operating and managing the educational complex and providing educational services for boys and girls in accordance with the approved curricula and academic standards applied in Riyadh schools, benefiting from its long experience in developing educational models and applying the best modern educational methods, with the aim of cooperation between the two parties forming an integrated model of partnership between an urban developer and a specialized educational operator, which contributes to enhancing educational services within the Knowledge Economic City, and enhancing the integration of the services provided. For its residents, and to support sustainable urban development in Medina.