19 hours ago
Atlas Elevators to supply, install elevators for NHC project
Atlas Elevators General Trading and Contracting Co. signed on July 2 a supply and installation agreement with Al-Sabq Al-Arabi Company for Trading and Contracting (SATC) — the main contractor for the National Housing Company's (NHC) Al-Fursan project.
The value of the agreement can not be determined at present, as it depends on supply and demand for the company's products through one year, the company said in a statement to Tadawul.
The one-year agreement seeks mutual benefits for both parties. Atlas Elevators will provide SATC with supply and installation services at competitive prices. The agreement further ensures the highest quality and performance in accordance with the agreed-on specifications.
This will guarantee the optimal implementation of the Al-Fursan project, opening new horizons for both parties to grow and expand, while supporting the strategic objectives of the company.
Under to the agreement, Atlas Elevators will supply and install the agreed-upon products at the specified times and locations, in line with the project's timeline and in compliance with Saudi code specifications.
The company will provide advanced and integrated elevator and mechanical systems solutions, ensuring the highest technical and safety standards.
The company expects the agreement to reflect positively on its financial results during the contract period. It also confirmed that there are no related parties involved in this agreement.
