Mekdam Holding Receives Ashghal Award for Contract Worth Up to QR262.5 Million

Doha, October 04 (QNA) - Mekdam Holding Group said on Sunday that its subsidiary, Mekdam Technical Services W.L.L., has received a Letter of Award from Qatar's Public Works Authority (Ashghal) for a contract to provide and second specialized professional personnel to Ashghal's Designs Department, with a potential value of up to QR262.5 million.
The contract will run for three years from the commencement date or until the total value of issued mobilization orders reaches QR262.5 million, whichever comes first, the group said in a statement published on the Qatar Stock Exchange (QSE) website.
Mekdam said the award would strengthen its project portfolio and support the continued expansion of its long-term project base.
The company said contractual procedures would now be completed in line with the tender requirements and relevant documentation, followed by the signing of the contract and commencement of the project.
It added that the award reflected continued demand for its services and supported its strategy of balanced growth and business diversification. (QNA)