Meqdam subsidiary receives Ashghal award worth up to QR262.5 million

Meqdam Holding Group, a Qatari public shareholding company, announced that its subsidiary Muqaddam Technical Services LLC has received a letter of award from the Public Works Authority "Ashghal" regarding the tender for the provision and secondment of specialized professional cadres to manage designs.

In a statement published on the Qatar Stock Exchange Today website, the Group explained that the duration of the project, according to the award letter, extends to three years from the date of commencement of works, or until the total value of the issued filling orders reaches QR 262.5 million, whichever is earlier.

The award is particularly important in a regional environment characterized by high levels of uncertainty, as it represents an important addition to the Group's business portfolio, noting that the contractual procedures will be completed in accordance with the requirements of the tender and related documents, in preparation for the signing of the contract and the commencement of implementation.

The award underscores the continued demand for the Group's services and its ability to maintain its business momentum, supporting its drive towards balanced growth, strengthening its long-term project base, the flexibility of its operating model, the diversity of its activities, and its ability to adapt to changes and maintain continuity of growth.

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