Misk awards SAR 1.8 bn contract to Alec Engineering

user icon
NOHA.GAD
calender icon
Feb 1, 2024
article image

Riyadh - Sharikat Mubasher: Saudi Arabia’s Mohammed bin Salman Foundation (Misk Foundation) awarded a contract worth SAR 1.8 billion to the Dubai-based Alec Engineering and Contracting Company to establish a technology center at Prince Mohammed bin Salman Nonprofit City.

The Ilmi Science and Technology Centre will include an educational center that will be built on a total space of 27,000 square meters, according to the Middle East Economic Digest (MEED).

Candian firms WSP and AtkinsRealis are the project consultants.

The center will allow young people to connect with subjects including science, technology, literature, engineering, art, and mathematics.

In 2022, Misk Foundation revealed the Prince Mohammed bin Salman Nonprofit City as the first non-profit city in the world.

The city will host academies, colleges, Misk Schools, a conference center, a science museum, and a creative center offering a space to support the ambitions of innovators in sciences and new-generation technology such as AI, IoT, and robotics.


Share

Related News

FII Institute reschedules 10th Future Investment Initiative to October 2027
News
Calendar Icon
November 12, 2026
FII Institute reschedules 10th Future Investment Initiative to October 2027
Read More
Saudi Arabia secures high rankings in IMD’s 2026 AI Index
News
Calendar Icon
November 12, 2026
Saudi Arabia secures high rankings in IMD’s 2026 AI Index
Read More
Invest Qatar rolls out program to connect startups with global investors
News
Calendar Icon
November 12, 2026
Invest Qatar rolls out program to connect startups with global investors
Read More
Zacua Ventures closes $135mn Fund II backed by Dubai Future District Fund
News
Calendar Icon
November 12, 2026
Zacua Ventures closes $135mn Fund II backed by Dubai Future District Fund
Read More
Network International, AdalFi collaborate to improve credit access across MEA
News
Calendar Icon
November 11, 2026
Network International, AdalFi collaborate to improve credit access across MEA
Read More
SVC invests in Jadwa Investment’s private credit fund
News
Calendar Icon
November 11, 2026
SVC invests in Jadwa Investment’s private credit fund
Read More
OmniOps launches Bunyan Inference Hub to help organizations access Saudi-hosted AI models
News
Calendar Icon
November 11, 2026
OmniOps launches Bunyan Inference Hub to help organizations access Saudi-hosted AI models
Read More
Mawsool closes pre-seed round to expand its reach in Saudi Arabia, MENA
News
Calendar Icon
November 11, 2026
Mawsool closes pre-seed round to expand its reach in Saudi Arabia, MENA
Read More
Expand officially launches to help global firms enter Saudi market
News
Calendar Icon
November 10, 2026
Expand officially launches to help global firms enter Saudi market
Read More
Barclays lands new Riyadh office to expand Saudi Arabia operations
News
Calendar Icon
November 9, 2026
Barclays lands new Riyadh office to expand Saudi Arabia operations
Read More