Al Akaria, a subsidiary of Saudi Arabia, secures a $145 million contract for the Diriyah car park project.

Saudi Real Estate Co. (Al Akaria) has announced that its subsidiary, Saudi Real Estate Infrastructure Company (Binyah), secured a contract worth 532.05 million Saudi riyals ($144.87 million) from Diriyah Gate Company Limited.

The contract involves excavation works for Car Parks A and B, along with related tasks, as stated in a Wednesday announcement to the Saudi stock exchange by Al Akaria. The completion timeframe was not disclosed.

Back in April, Diriyah and Binyah initiated the SAR544 million ($144.95 million) Northern Cultural District Car Park project, a crucial component of the $63.2 billion Diriyah giga-project masterplan.