Saudi-listed Abdul Mohsen Al-Hokair Group for Tourism and Development disclosed additional details of significant contract with Alfa Facilities and Contracting Company, a subsidiary of the Alfanar Group, to provide accommodation/catering services for a residential complex in the NEOM giga-project, located in the north-west of the Kingdom.

The agreement was signed with signed on 22 August with Alfa Facilities and Contracting Company, a subsidiary of the Alfanar Group, after Al Hokair Group was awarded the project on 22 January earlier this year.

In a filing to the Saudi bourse Tadawul, Al Hokair Group revealed the contract is valued at more than $202.5 million (SAR760 million), and covers the provision of accommodation services for a residential complex in NEOM for a period of seven years.

Read the full story at Zawya