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The Saudi Public Transport Company - SAPTCO - announces contract sign-off with Development of Madinah Authority, for the project to operate shuttle transportation services for Pilgrims Experience Program
The Saudi Public Transport Company - SAPTCO - announces contract sign-off with Development of Madinah Authority, for the project to operate shuttle transportation services for Pilgrims Experience Program.
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Public Transport Company - SAPTCO announces contract sign-off with Development of Madinah Authority, for the to operate shuttle transportation services for Pilgrims Experience Program in Madinah |
| Date of Announcement of the Award | 2024-12-08 Corresponding to 1446-06-07 |
| Contract Subject Matter | operate shuttle transportation services for Pilgrims Experience Program in Madinah |
| The Entity with Which the Contract was Signed | Development of Madinah Authority |
| Date of Signing the Contract | 2025-01-26 Corresponding to 1446-07-26 |
| Contract Value | 113,848,336 SAR (Included 15% Vat) |
| Contract Details | Operate shuttle transportation services for Pilgrims Experience Program |
| Contract Duration | one year. |
| Financial Impact and the Relevant Period | This contract is expected to have a positive financial impact on the financial statements during the First quarter of 2025 |
| Related Parties | N/A |
Through this project, SAPTCO seeks to improve transportation services in Madinah and facilitate the movement of pilgrims, enhancing their experience during their visit.
For more information, you can visit the website (Saudi Exchange)