{"article":{"annotation":{"article_id":"asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026","available_at":"2026-10-06T23:12:09.623732Z","geography_revision":"ef6ee0010dda5fe7b240fd514749b43e214c57da73222d2e40ec83b276dd0977","id":"60142058b2b74d20d17b666628d7ab2dc63a87ae2e6d9c0093da3a52d802eafc","input_sha256":"311a69aca28f7b60271306bd0c05b565312c730a6d6b04bdab70d8fde0413aa7","limitations":["Rule-derived subjects are candidates, not verified editorial labels or calibrated model probabilities.","Coverage is distinct from event location. Unknown country/city/coordinates remain absent; no automatic geocoding.","Article geometries keep their stated precision and methodology; reproducing them is not independent coordinate verification."],"method":"controlled-rules-v1","places":[{"admin1":null,"city":null,"coordinate_note":null,"coordinate_reference_system":"OGC:CRS84","coordinate_source":null,"country":"SA","evidence":[{"field":"country","language":"en","note":"Explicit preserved editorial country/region; no city or national centroid inferred","source_urls":["https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=98195&anCat=1&cs=9640&locale=en"]}],"geometry":null,"id":"iso3166-1:SA","kind":"country-or-area","labels":{"ar":"المملكة العربية السعودية","en":"Saudi Arabia","es":"Arabia Saudita","fr":"Arabie saoudite"},"match_status":"candidate","precision":"regional","role":"coverage","uncertainty_m":null}],"rules_sha256":"d28c9c89703b56bd91fd887965d416d0115c2473d4bfbd3e558bcceafc3941dd","schema_version":1,"subjects":[{"concept_id":"medtop:20001368","confidence":null,"confidence_method":null,"evidence":[{"field":"en.title+en.summary","language":"en","note":"Subject suggested from the title or summary: residential and commercial","source_urls":["https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=98195&anCat=1&cs=9640&locale=en"]}],"method":"controlled-rules-v1","rule_id":"residential-real-estate","status":"candidate"},{"concept_id":"medtop:20001245","confidence":null,"confidence_method":null,"evidence":[{"field":"category+topics","language":"en","note":"Preserved editorial category/topic; broad candidate only","source_urls":["https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=98195&anCat=1&cs=9640&locale=en"]}],"method":"controlled-rules-v1","rule_id":"infrastructure-broad","status":"candidate"}],"taxonomy_revision":"1f2db31d811fca07e99b16d402c10e2cc2965c9df1c7b41d9be348b40a24e7fb","taxonomy_version":"IPTC Media Topics 2026-Q2"},"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=en","category":"infrastructure","content":{"key_points":[],"paragraphs":["Asas Makeen Real Estate Development and Investment Co. announced on 17 September 2026 that it signed a construction contract with Ittihad Althabat Company for Contracting. The contractor will carry out contracting, construction and finishing works for a number of residential and commercial projects that Asas Makeen owns and develops in Riyadh, covering a total area of approximately 65,000 square metres, on a cost-plus-fee basis.","The company put the total estimated cost of the projects at SAR 315,000,000, including the contractor’s fees and expenses and excluding VAT, and said the final cost will follow the approved cost of each project. The works are on a turnkey basis. The budget, scope, specifications and schedule of each project will be approved separately before it starts. Each project has an 18-month execution period, unless a different period is approved in writing, counted from the approval of plans by the Ministry of Municipalities and Housing.","Asas Makeen said the financial impact will appear gradually in its statements as work progresses, in line with actual costs and monthly progress payment certificates for each project. It reported no related parties."],"sections":[]},"corrections":[{"at":"2026-10-07T00:52:26+03:00","language":"en","text":"German and Portuguese editions and translations of the data and correction explanations have been added to this article."}],"country":"SA","data":{"blocks":[{"description":{"ar":"التكلفة التقديرية ومساحة المشاريع ومدة التنفيذ كما وردت في إعلان أساس مكين على السوق المالية السعودية (تداول) بتاريخ 17 سبتمبر 2026.","de":"Geschätzte Kosten, Projektfläche und Ausführungszeitraum laut Mitteilung von Asas Makeen an der Saudi Exchange vom 17. September 2026.","en":"Estimated cost, project area and execution period stated in Asas Makeen’s Saudi Exchange announcement of 17 September 2026.","es":"Coste estimado, superficie de los proyectos y periodo de ejecución indicados en el anuncio de Asas Makeen a la Bolsa saudí (Saudi Exchange) del 17 de septiembre de 2026.","fr":"Coût estimé, surface des projets et période d’exécution indiqués dans l’annonce d’Asas Makeen à la Bourse saoudienne (Saudi Exchange) du 17 septembre 2026.","pt":"Custo estimado, área do projeto e prazo de execução informados no comunicado da Asas Makeen à Saudi Exchange em 17 de setembro de 2026.","tr":"Asas Makeen’in 17 Eylül 2026 tarihli Saudi Exchange duyurusunda belirtilen tahmini maliyet, proje alanı ve uygulama süresi."},"id":"contract-figures","items":[{"basis":"estimate","label":{"ar":"التكلفة الإجمالية التقديرية للمشاريع المشمولة (غير شاملة ضريبة القيمة المضافة)","de":"Geschätzte Gesamtkosten der erfassten Projekte ohne Mehrwertsteuer","en":"Total estimated cost of the covered projects, excluding VAT","es":"Coste total estimado de los proyectos cubiertos, sin IVA","fr":"Coût total estimé des projets couverts, hors TVA","pt":"Custo total estimado dos projetos abrangidos, sem IVA","tr":"Kapsanan projelerin tahmini toplam maliyeti (KDV hariç)"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"riyadh","id":"asas-makeen-riyadh-projects-estimated-total-cost","periodRole":"announcement-date","unitCode":"sar"},"period":"2026-09-17","unit":"SAR","value":315000000},{"basis":"target","label":{"ar":"المساحة الإجمالية للمشاريع المشمولة","de":"Gesamtfläche der erfassten Projekte","en":"Total area of the covered projects","es":"Superficie total de los proyectos cubiertos","fr":"Surface totale des projets couverts","pt":"Área total dos projetos abrangidos","tr":"Kapsanan projelerin toplam alanı"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"riyadh","id":"asas-makeen-riyadh-projects-total-area","periodRole":"announcement-date","unitCode":"square-metre"},"period":"2026-09-17","unit":"square metres","value":65000,"valueQualifier":"approximate"},{"basis":"observed","label":{"ar":"مدة تنفيذ كل مشروع","de":"Ausführungszeitraum je Projekt","en":"Execution period per project","es":"Periodo de ejecución por proyecto","fr":"Période d’exécution par projet","pt":"Prazo de execução por projeto","tr":"Her proje için uygulama süresi"},"measure":{"aggregation":"stock","frequency":"irregular","geography":"riyadh","id":"asas-makeen-riyadh-projects-execution-period","periodRole":"announcement-date","unitCode":"month"},"period":"2026-09-17","unit":"months","value":18}],"methodology":{"ar":"التكلفة هي تقدير الشركة الإجمالي للمشاريع المشمولة بالعقد، وهي شاملة أتعاب المقاول ومصاريفه وغير شاملة ضريبة القيمة المضافة، وستتحدد التكلفة النهائية وفق التكلفة المعتمدة لكل مشروع. والمساحة تقريبية. أما مدة 18 شهرًا فتخص كل مشروع على حدة وتبدأ من تاريخ اعتماد المخططات من وزارة البلديات والإسكان.","de":"Die Kosten sind die Gesamtschätzung des Unternehmens für die erfassten Projekte, einschließlich Gebühren und Auslagen des Auftragnehmers und ohne Mehrwertsteuer; die endgültigen Kosten richten sich nach den genehmigten Kosten jedes Projekts. Die Fläche ist ein Näherungswert. Der Zeitraum von 18 Monaten gilt für jedes Projekt einzeln und beginnt mit der Genehmigung der Pläne durch das Ministerium für Kommunen und Wohnungswesen.","en":"The cost is the company’s total estimate for the projects covered, including contractor fees and expenses and excluding VAT; the final cost will follow each project’s approved cost. The area is approximate. The 18-month period applies to each project separately and counts from approval of plans by the Ministry of Municipalities and Housing.","es":"El coste es la estimación total de la empresa para los proyectos cubiertos, con los honorarios y gastos del contratista incluidos y sin IVA; el coste final seguirá el coste aprobado de cada proyecto. La superficie es aproximada. El periodo de 18 meses se aplica a cada proyecto por separado y se cuenta desde la aprobación de los planos por el Ministerio de Municipios y Vivienda.","fr":"Le coût est l’estimation totale de la société pour les projets couverts, honoraires et frais de l’entrepreneur inclus et hors TVA ; le coût final suivra le coût approuvé de chaque projet. La surface est approximative. La période de 18 mois s’applique à chaque projet séparément et court à compter de l’approbation des plans par le ministère des Municipalités et du Logement.","pt":"O custo é a estimativa total da empresa para os projetos abrangidos, incluindo taxas e despesas da contratada e excluindo o IVA; o custo final seguirá o valor aprovado para cada projeto. A área é aproximada. O prazo de 18 meses aplica-se separadamente a cada projeto e começa com a aprovação dos planos pelo Ministério de Municípios e Habitação.","tr":"Maliyet, şirketin kapsanan projeler için yaptığı toplam tahmindir; yüklenicinin ücret ve giderlerini içerir, KDV hariçtir ve nihai maliyet her projenin onaylı maliyetine göre belirlenecektir. Alan yaklaşık bir değerdir. 18 aylık süre her proje için ayrı ayrı geçerlidir ve planların Belediyeler ve Konut Bakanlığı tarafından onaylandığı tarihten başlar."},"sourceUrls":["https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=98195&anCat=1&cs=9640&locale=en"],"title":{"ar":"أرقام العقد","de":"Vertragszahlen","en":"Contract figures","es":"Cifras del contrato","fr":"Chiffres du contrat","pt":"Valores dos contratos","tr":"Sözleşme 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illustration of transport, bridges and infrastructure 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Makeen Real Estate Development and Investment Co. via Saudi Exchange","publishedAt":"2026-09-17","url":"https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=98195&anCat=1&cs=9640&locale=en"}],"summary":"Asas Makeen signed a turnkey, cost-plus-fee construction contract with Ittihad Althabat on 17 September 2026 for Riyadh residential and commercial projects with a total estimated cost of SAR 315,000,000, excluding VAT.","text":"Asas Makeen signed a turnkey, cost-plus-fee construction contract with Ittihad Althabat on 17 September 2026 for Riyadh residential and commercial projects with a total estimated cost of SAR 315,000,000, excluding VAT.\n\nAsas Makeen Real Estate Development and Investment Co. announced on 17 September 2026 that it signed a construction contract with Ittihad Althabat Company for Contracting. The contractor will carry out contracting, construction and finishing works for a number of residential and commercial projects that Asas Makeen owns and develops in Riyadh, covering a total area of approximately 65,000 square metres, on a cost-plus-fee basis.\n\nThe company put the total estimated cost of the projects at SAR 315,000,000, including the contractor’s fees and expenses and excluding VAT, and said the final cost will follow the approved cost of each project. The works are on a turnkey basis. The budget, scope, specifications and schedule of each project will be approved separately before it starts. Each project has an 18-month execution period, unless a different period is approved in writing, counted from the approval of plans by the Ministry of Municipalities and Housing.\n\nAsas Makeen said the financial impact will appear gradually in its statements as work progresses, in line with actual costs and monthly progress payment certificates for each project. It reported no related parties.\n\nGerman and Portuguese editions and translations of the data and correction explanations have been added to this article.","title":"Asas Makeen signs Ittihad Althabat for Riyadh residential and commercial works","topics":["epc-contractors"],"translations":[{"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=tr","language":"tr","url":"https://newsverum.com/tr/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=en","language":"en","url":"https://newsverum.com/en/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=ar","language":"ar","url":"https://newsverum.com/ar/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=fr","language":"fr","url":"https://newsverum.com/fr/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=es","language":"es","url":"https://newsverum.com/es/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=de","language":"de","url":"https://newsverum.com/de/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"},{"api_url":"https://newsverum.com/api/v1/articles/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026?lang=pt","language":"pt","url":"https://newsverum.com/pt/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"}],"url":"https://newsverum.com/en/news/asas-makeen-ittihad-althabat-riyadh-residential-commercial-construction-contract-september-2026"},"version":"1"}