Arabian Contracting signs sites lease contract for 40 billboards in Jeddah

Logo of Arabian Contracting Services Co.

Arabian Contracting Services Co. announced the signing, on March 15, a sites lease contract for 40 digital billboards to be installed on bridges and tunnels in Jeddah at a total amount of over SAR 1 billion for 10 years, the firm said in a statement to Tadawul.

The company will continue to achieve its plans and strategy to expand in the information technology sector by increasing the number of digital billboards in multiple regions of the Kingdom.

The financial impact will begin to appear at the end of the second quarter of 2022. Revenues are likely to increase by 5% of the total target for 2022, the statement noted.

On Feb. 15, Arabian Contracting announced winning a bid to rent 40 digital billboards, which will be installed on bridges and tunnels in Jeddah.