Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Saudi Real Estate Co. (Al-Akaria), has been awarded a significant contract to develop a Treated Sewage Effluent (TSE) network under the expansive Green Riyadh initiative, as reported by Zawya.
The contract, valued at 660.3 million Saudi riyals (approximately $176 million), is part of the Green Riyadh Programme – Group Eleven project. It was awarded by the Royal Commission for Riyadh City, according to a statement from Al-Akaria released on Monday.
The Green Riyadh project is one of the world’s most ambitious urban greening initiatives, aimed at elevating Riyadh’s status among the top 100 most livable cities globally.
This initiative is one of four major projects in Riyadh, launched by Saudi King Salman in March 2019, and is overseen by the Committee of Grand Projects, chaired by Crown Prince Mohammed bin Salman.
