DarGlobal secures a $90 million infrastructure contract with Rayana for works in RiyadhExecutive summary: DarGlobal awarded a $90 million infrastructure contract to Rayana for execution in Riyadh. The contract reflects sustained private‑sector investment in Saudi infrastructure under Vision 2030 and provides a notable revenue boost for Rayana. DarGlobal (awarding entity), Rayana (contractor), and Saudi authorities overseeing the Riyadh project. Rayana will mobilise resources and begin work, with potential follow‑on contracts for DarGlobal and further infrastructure tenders in the region.DarGlobal, a UAE‑based real‑estate developer, has awarded a $90 million contract to infrastructure firm Rayana for a project in Riyadh. The deal underscores the growing role of private developers in financing large‑scale Saudi infrastructure as part of Vision 2030. For Rayana, the award adds a significant backlog item and reinforces its position in the Gulf construction market.Open the full case file on Beyond →
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