Ashoka Buildcon Limited has strengthened its international order book after its wholly owned subsidiary in the Kingdom of Saudi Arabia, Ashoka Buildcon Limited for Contracting, received a Letter of Acceptance for a major construction project in Diriyah, Saudi Arabia. The project has been secured through a joint venture with BEC Arabia Contracting Co., marking another milestone in the company’s Middle East expansion strategy.
The contract has been awarded by Diriyah Company, a company owned by the Public Investment Fund of Saudi Arabia. Diriyah Company is spearheading the large-scale Diriyah II development, one of the Kingdom’s flagship urban and cultural transformation projects.
The scope of work covers the “Main Construction Works of Diriyah II – Delivery Partner for One Hotel” under a lump-sum construction contract. The total accepted bid value for the project stands at SAR 717.09 million, excluding VAT. Ashoka Buildcon holds a 49% stake in the joint venture, translating into a company share of SAR 351.37 million, which is equivalent to approximately ₹846.38 crore, based on the exchange rate as of 05 February 2026.
The project is international in nature and is scheduled to be executed over a period of 27 months from the effective date of 05 February 2026. The partnership with BEC Arabia, a privately held construction and engineering services provider known for executing large-scale infrastructure and civil projects across the region, is expected to enhance execution capabilities and local market expertise.
This new order underlines Ashoka Buildcon’s growing presence in overseas markets, particularly in the Middle East, and highlights its ability to secure high-value infrastructure and hospitality projects backed by sovereign entities. The development is likely to support revenue visibility over the medium term while reinforcing the company’s credentials in complex international construction contracts.
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