DAR.LSE▲
DarGlobal awards $90 million Rayana infrastructure contract in Riyadh
DarGlobal has awarded a SR338 million, or $90 million, contract for primary infrastructure works at the Rayana master community in Riyadh to Compass and Bin Omairah Company. The design-and-build contract covers earthworks, utility networks, roads, and site access for the development in Wadi Safar, Diriyah, which will include Rayana Mansions and branded Trump Mansions with built-up areas between approximately 1,900 and 7,000 square meters. CEO Ziad El Chaar said the award represents an important step in delivering Rayana and reinforces the company's commitment to creating exceptional residential destinations in Saudi Arabia. The project is linked to the objectives of Saudi Arabia's Vision 2030 development programme and is located near Diriyah, Expo 2030, and the King Abdullah Financial District. DarGlobal, which is listed in London, reports a development portfolio of $23 billion and serves investors from over 125 nationalities, with fiscal year 2025 revenue up 124 percent to $539 million and EBITDA of $126 million.