Zamil Steel Wins SAR 308.2 Million Contract in Qiddiya
Zamil Steel, a subsidiary of Senaat, signed a SAR 308.2 million contract to execute steel structures and facades for the National Tennis Center in Qiddiya over 19 months.
Zamil Steel, a subsidiary of Senaat Group, signed a SAR 308.2 million contract for the National Tennis Center in Qiddiya City, according to the Argaam platform.
The contract includes executing steel structures and facades for the center over a period of 19 months.
The company signed the contract with a consortium comprising Bouygues Bâtiment International and Almabani.
The company stated that the contract will impact its financial results starting from the fourth quarter of 2026, meaning its effect will appear in financial statements for the upcoming period.
What do these terms mean?
Steel Structures: The metallic frame that supports the components of a building, used in large facilities such as stadiums and sports centers.
Facades: The outer envelope of a building, including glass and metal panels that protect the building and give it its architectural appearance.
Consortium: A temporary alliance of two or more companies to execute a joint project, sharing tasks and responsibilities between them.
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