Logo of Red Sea International Co.
Red Sea International Co.'s subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a SAR 266 million contract with ALEC Engineering and Contracting LLC.
The deal covers mechanical and electrical works for the ilmi Science Discovery & Innovation Center.
For more news and details on the projects
In a statement on Tadawul, the company said the center is located in Mohammed bin Salman Non-Profit City, Riyadh.
First Fix will handle engineering, supply, installation, testing, and commissioning of mechanical and electrical systems.
The work scope includes deep and underground utilities, vertical transportation, kitchen equipment, signage, landscaping, photovoltaic energy systems, and museum exhibits.
The center will feature nine floors of scientific exhibits, an auditorium, lecture halls, a panoramic café, indoor gardens, and administrative offices.
The contract was signed on Jan. 19 and will run for 636 days. The financial impact will be reflected from Q1 2025.
The company noted that related parties in the contract include Red Sea and MSB Holding Co.
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