{"id":102729,"date":"2025-11-24T00:00:00","date_gmt":"2025-11-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/24\/binyah-secures-early-works-agreement-as-expo-2030-prep-ramps-up\/"},"modified":"2025-11-24T00:00:00","modified_gmt":"2025-11-24T00:00:00","slug":"binyah-secures-early-works-agreement-as-expo-2030-prep-ramps-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/24\/binyah-secures-early-works-agreement-as-expo-2030-prep-ramps-up\/","title":{"rendered":"Binyah secures early works agreement as Expo 2030 prep ramps up"},"content":{"rendered":"

\n

CONSTRUCTION-<\/p>\n

Binyah lands early work agreement for Expo 2030 Riyadh:<\/strong> Saudi Real Estate Company (Al Akaria) signed a four-year framework agreement with Expo 2030 Riyadh Company to have its subsidiary Saudi Real Estate Infrastructure (Binyah) carry out early works for the Expo 2030 Riyadh site, it said in a disclosure to Tadawul<\/a>. The agreement covers demolition, earthworks, and various logistics activities needed to prepare the site. The financial impact will be determined later based on the assigned tasks, according to the disclosure.<\/p>\n

IN CONTEXT-<\/strong> The Kingdom has officially begun preparations for Expo 2030 Riyadh after receiving the Bureau International des Expositions (BIE) host flag from Expo 2025 Osaka last month<\/a>. The USD 8 bn, six-month event will open on 1 October 2030, drawing an estimated 42 mn visitors and contributing USD 64 bn to the Kingdom\u2019s GDP during development, with an additional USD 5.6 bn while operational.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

M&A WATCH-<\/p>\n

Tibbiyah snaps up stake in Nephrocare: <\/strong>Arabian International Healthcare Holding Company (Tibbiyah) signed a conditional share purchase agreement to acquire 49% of Nephrocare Health Services Saudi Arabia Company<\/a> for SAR 279.8k, funded from its own resources, it said in a disclosure to Tadawul<\/a>. The agreement \u2014 subject to regulatory and commercial approvals \u2014 replaces plans to set up a new joint venture<\/a> with NephroPlus<\/a>.<\/p>\n

\n

FOOD-<\/p>\n

Ta<\/a><\/strong>nmiah Food<\/a><\/strong> inked three MoUs with <\/strong>Schneider Electric<\/a><\/strong>, <\/strong>Strataphy<\/a><\/strong>, and <\/strong>Kayes Arabia<\/a><\/strong> to <\/strong>accelerate the reduction of its carbon footprint<\/strong>, achieving greater energy performance in its operations, according to a press release<\/a> yesterday. Under the Schneider agreement, Tanmiah will conduct a comprehensive carbon inventory assessment under the Science Based Targets initiative (SBTi), including FLAG guidance, while working to decarbonize its supply chain.<\/p>\n

Meanwhile, working with Strataphy, the partnership will see the deployment of the <\/strong>region\u2019s first geothermal-cooled poultry operation at the Shaqrah Facility<\/strong>, offering a scalable, low-carbon cooling solution under the cooling as a service (CaaS) model. The MoU with Kayes Arabia focuses on converting diesel-powered equipment at Tanmiah\u2019s facilities to liquefied petroleum gas systems to achieve lower carbon emissions and reduced operational costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO: Tibbiyah acquires 49% stake in Nephrocare<\/p>\n","protected":false},"author":1,"featured_media":102730,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[320,54,2897,1987,10,457,3923,3002],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-akaria","tag-also-on-our-radar","tag-arabian-international-healthcare-holding-tibbiyah","tag-binyah","tag-enterpriseam-ksa","tag-expo-2030","tag-expo-2030-riyadh-company-erc","tag-tanmiah-food","wpautop","entry"],"acf":{"mongo_id":"e81afdc9-d187-45ea-9374-d9728c862057","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/1227.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Binyah secures early works agreement as Expo 2030 prep ramps up","related_issue":[102708],"teaser":"ALSO: Tibbiyah acquires 49% stake in Nephrocare","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.2dfc378a-7e3c-4d04-8dc2-aed779c407f0.mp3"},"yoast_head":"\nBinyah secures early works agreement as Expo 2030 prep ramps up - 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