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Abdulmohsen Alhokair Group for Tourism and Development has won a project in NEOM, with an estimated contract value of SAR 760 million.

What

Al Hokair Group secured the project from Alpha Facilities Contracting, a subsidiary of the giant Al Fanar Group.

The project aims to provide catering services in one of the residential complexes in the NEOM region.

So What 

Al Hokair hopes that this partnership will contribute to enhancing its operations and diversifying its sources of income, aligning with its strategic plans.

Now What 

The financial impact of this partnership on Al Hokair is expected to appear in Q1-24.

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