Rua Al Madinah Holding signs deals worth $160m at PIF Private Sector Forum

RIYADH: Rua Al Madinah Holding has signed four contracts with Saudi companies worth SR600 million ($159.76 million) during the Public Investment Fun’’s Private Sector Forum.

The agreements come as part of the firm’s effort to achieve the Vision 2030 objective of enabling the Muslim world’s holy city, Madinah, to host 30 million visitors annually by 2030.

Ahmed Al-Juhani, CEO of Rua Al Madinah Holding, signed two of the four contracts, including one with Khaled Al Babtain, the chairman of Al Babtain Contracting Co..