Dammam Logistics Hub Construction Contract
- Value
- 47,600,000Before amendments:44,170,000
- Term
- 3 years2024-06-01 – 2027-05-311445-11-24 – 1448-12-25 AH
- Owner
- Majed Al-GhamdiOperations Manager
- Signature & renewal
- Qualified digital signatureDoes not renew
- Draft2024-02-20
- Review2024-02-24
- Approval2024-02-23
- Signing2024-05-13
- Active2024-06-01
- Expiring
- Renew or end
Term elapsed 79% · ends in 229 days
Next step
Track delivery and obligations
Upcoming obligations and payments are in the Obligations tab. You will be alerted 90, 60 and 30 days before the notice deadline.
- Monthly progress report with photos2026-10-26
- Certify each progress claim within 14 days2026-11-01
- Renew the contractor’s all-risk policy2026-10-10
No open tasks
Waqqa AI assistant
Executive summary
Nesma & Partners is designing and building Horizon's Dammam logistics hub on a 62,000 m² plot for SAR 47,600,000 over 36 months, through monthly progress claims with 10% retention. A 10% performance bank guarantee applies, with delay penalties capped at 10% of value. High risk: 3 variation orders have raised the value by 7% and the project is 6 weeks behind schedule.
Summarised from 17 pages — check the source before relying on it.
Automated suggestion — a human makes the final call
Key terms
Extracted by the AI from the text — each value linked to its clause
- CounterpartyNesma & Partners Contracting Company
- Total valueSAR 47,600,000 excl. VAT
- Term3 years: 1 June 2024 to 31 May 2027
- Payment terms10% advance, monthly progress claims by completion, 10% retention
- Liability capCapped at 100% of value; delay penalty 0.1%/day up to 10%
- Renewal & noticeDoes not renew — ends on its end date
- Governing law & disputesSaudi law — arbitration at the Saudi Center for Commercial Arbitration, Riyadh
Risks
Variation orders without a clear ceiling
Clause 5.4 lets the value rise by up to 15% without the owner’s prior approval.
CriticalPersonal data protection
The contract does not state where data is hosted — PDPL requires processing inside the Kingdom.
Low
Key dates
Draft created
2024-02-2010 Shaʻban 1445 AH967 days ago
Fully signed
2024-05-168 Dhuʻl-Qiʻdah 1445 AH881 days ago
Effective date
2024-06-0124 Dhuʻl-Qiʻdah 1445 AH865 days ago
- Next up
Next payment — Progress claim 7
2027-01-168 Shaʻban 1448 AHin 94 days
End date
2027-05-3125 Dhuʻl-Hijjah 1448 AHin 229 days
Bank guarantee expiry
2027-08-2927 Rabiʻ I 1449 AHin 319 days
Related
Visible to the owning department and Legal