A subsidiary of “Senaat” signs a contract to establish a factory in Dammam worth 252 million riyals
Advanced Construction Industries Company (Senaat) announced that one of its subsidiaries, Advanced Construction Solutions for Projects Company (ZODCON), has signed a contract with… "TKE Machinery Manufacturing"It is a partnership between a company "TK Elevator" And company "Alat"To implement a multi-purpose facility project that includes manufacturing facilities and an innovation center, which includes a product development center and training facilities, in the third industrial city in Dammam.
The value of the contract is 252 million riyals, according to a statement on "Saudi Arabia trading"The scope of work includes implementing the project according to the design and implementation system, which includes civil and construction works and steel structures, in addition to mechanical, electrical and plumbing works to create an integrated industrial facility.
The company is considered a company. "TKE ALAAT" A €160 million partnership between… "TK Elevator"a global leader in vertical urban mobility solutions, Inc "Alat"One of the Public Investment Fund companies, which specializes in building industrial capabilities in priority sectors. The company was established in August 2025 to meet the growing demand for vertical urban mobility solutions in the Kingdom of Saudi Arabia and the Middle East and North Africa region.
The financial impact of this contract is expected to begin to appear on the company’s financial statements during the fourth quarter of 2026, and it is expected to have a positive impact on the company’s financial results.
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