{"id":81996,"date":"2024-01-17T00:00:00","date_gmt":"2024-01-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/advertising-and-sports-this-morning\/"},"modified":"2024-01-17T00:00:00","modified_gmt":"2024-01-17T00:00:00","slug":"advertising-and-sports-this-morning","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/17\/advertising-and-sports-this-morning\/","title":{"rendered":"Advertising and sports this morning\u2026"},"content":{"rendered":"

\n

ADVERTISING-<\/p>\n

Saudi-Emirati JV lands billboard contract from RTA Dubai: <\/strong>The Roads and Transport Authority (RTA) in Dubai has awarded an SAR 534 mn contract to a Saudi-Emirati joint venture to install, operate and maintain 294 advertising billboards in Dubai, according to a Tadawul regulatory filing<\/a>. The contract runs for 10 years and 5 months. <\/p>\n

About the JV: <\/strong>The company is jointly owned by Al Arabia Out of Home Advertising \u2014 a subsidiary of Arabian Contracting Service<\/a><\/strong> \u2014 with a 60% stake, local Mawaqie for Advertising Co. with a 10% stake, and the rest of the shares are owned by an Emirati company, the name of which was not included in the filing. <\/p>\n

\n

CONSTRUCTION-<\/p>\n

Keir to build housing for employees in Neom<\/strong>: <\/strong>Keir International<\/a> has inked a SAR 25.2 mn contract with Arail Construction and Industrial to provide housing for non-administrative employees in Sindalah, it said in a disclosure to Tadawul<\/a>. The six-month contract will see it deliver manufacture, supply, and delivery of housing facilities.<\/p>\n

\n

MINING-<\/p>\n

Royal Roads Arabia<\/a><\/strong>(RRA)<\/a><\/strong> has acquired an exploration license for the Jabal Sahabiyah <\/strong>concession in Asir<\/strong>, according to a Tadawul regulatory filing<\/a>. The project will see RRA commit a minimum of USD 5.5 mn (SAR 20.65 mn) over the first five years of the license. RRA is a 50-50 JV between Toronto-listed Royal Road Minerals (RRM)<\/a> and MSB Holding<\/a>. They have the option of renewing the license, awarded by the Industry and Mineral Resources Ministry, every five years for up to 15 years.<\/p>\n

\n

SPORTS-<\/p>\n

4Global<\/a><\/strong>has <\/strong>landed contracts worth a combined GBP 800k from unnamed Saudi clients<\/strong>, according to a press release<\/a>. The first contract commits the sports data firm to providing an assessment of the worth and the operational feasibility of a number of sporting facilities in a bid to draw investments into the undisclosed facilities. A second contract will see the London-listed company recommend investments in the sports sector with the aim of maximizing the client\u2019s ROI. No further information was available. <\/p>\n","protected":false},"excerpt":{"rendered":"

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