Knowledge Economic City announced the Signing of the Infrastructure Work Contract of Al-Alyaa Suburb with Musaad Al-Mutairi and Partner Company. In accordance with the ambitious development plan and iconic projects that were launched under the patronage of His Royal Highness Prince Faisal bin Salman bin Abdulaziz Al Saud, Governor of Al-Madinah Al-Munawwarah in April 2021 which were announced on Tadawul website, the Knowledge Economic City Company announced that it has signed a contract with Mussad Al-Mutairi & Partner Company for the implementation of the infrastructure works for Al Alyaa residential project within the Knowledge Economic City (KEC). Executing important infrastructure works such as road networks, water, irrigation, sewage, firefighting and lighting, in addition to linking them to the smart infrastructure implemented in the project area. The contractor will be paid in installments per monthly invoice based on work progress and executed work. Accordingly, the period on which the financial impact takes place is distributed over a period of 12 months starting from end of July 2021. The company shall cover the contract cost from its available cash.