11/11/2026 04:19 AST

Mannai Corporation QPSC, one of the region's leading diversified business groups, headquartered in Doha, Qatar, announced on Tuesday that its Saudi subsidiary, Mannai Information Technology KSA (MIT KSA), has been awarded a major contract by China Harbour Engineering Company (CHEC), an international engineering and construction company for the delivery of mechanical, electrical, public health services and technology works on a landmark development forming part of one of Riyadh's flagship giga-projects.

The development forms part of one of Saudi Arabia's most ambitious urban transformation initiatives, contributing to the Kingdom's vision of creating world-class destinations that bring together culture, commerce and contemporary urban living. Representing a significant addition to Riyadh's evolving urban landscape, the project reflects the scale and ambition of the Kingdom's Vision 2030 agenda.

Under the contract, Mannai will deliver the full scope of mechanical, electrical and Public health services systems together with the technology systems that will make the development a smart, connected and future-ready landmark. The project will be executed over a period of two years on a fast-tracked programme, reflecting the strategic importance of the development to the Kingdom's Vision 2030 ambitions.

Mannai brings deep technology and integration experience from delivering mission-critical systems for FIFA World Cup Qatar 2022 venues and related infrastructure. This experience in delivering world-class venues to immovable deadlines and the highest international standards positions Mannai to meet the demanding schedule, technical complexity and quality expectations of a fast-tracked giga-project.

By combining MEP and technology contracting under a single, integrated delivery model, Mannai will reduce interface risk, accelerate programme certainty and provide a seamless path from design coordination through to testing, commissioning and handover.

Commenting on the significance of the award, Lakshimi Narayanan, General Manager, Mannai Information Technology KSA, said: "We are honoured to be entrusted by China Harbour Engineering Company with this iconic development, one of the most significant destinations taking shape in Riyadh today. This award reflects the confidence our partners place in Mannai's ability to deliver complex, integrated MEP and technology programmes at pace. We bring the same discipline and technology leadership that we demonstrated on FIFA World Cup Qatar 2022, and we are proud to contribute to the Kingdom's transformation under Vision 2030."

Commenting on the collaboration, Liu Xuanyuan, CHEC's Project Director, said: "We are pleased to welcome Mannai as our MEP and technology systems partner for this landmark development in Riyadh. The successful delivery of a project of this scale requires strong collaboration, technical expertise and a shared commitment to quality, safety and programme objectives. We look forward to working closely with Mannai and all project stakeholders to deliver integrated, high-quality solutions that contribute to the successful completion of the development and support Riyadh's continued growth."

The award is a landmark milestone for Mannai IT KSA, headquartered in Riyadh, and underscores the rapid growth of the Group's footprint in Saudi Arabia. Mannai IT KSA delivers across six business domains: Connected Buildings & Cities; Digital Transformation & Intelligent Platforms; Applications, AI & Cybersecurity; Cloud Transformation & Digital Workspace; Enterprise & Hyperscale Infrastructure; and EPC & Technology Contracting.

Mannai's momentum in the Kingdom was showcased at LEAP 2026, where the company drew strong engagement from government entities, giga-project developers and enterprise customers. To date, Mannai has signed more than 120 Memoranda of Understanding with leading global technology OEMs and strategic consultants, building a partner ecosystem that enables it to bring best-in-class solutions to Saudi Arabia's most ambitious developments.


Saudi Gazette

Cisco to build sovereign AI infra in Qatar with Mannai

27/10/2026

Cisco, a global technology leader driving innovation in AI-powered digital infrastructure, is advancing plans to develop sovereign AI infrastructure in Qatar to support the country's digital transfor

Trade Arabia

Mannai Corporation appoints new Group President for ICT business

10/09/2026

Mannai Corporation has appointed technology industry veteran Sumanta Roy as Group President for Information and Communication Technology (ICT).

Roy will lead the group's ICT business across

Trade Arabia

Mannai Corporation net profit jumps 66% to QR289mn in 2025; suggests 30% dividend

20/02/2026

Mannai Group has reported a 66% year-on-year increase in net profit to QR289mn in 2025 and recommended 30% dividend.

The company saw a 25% year-on-year jump in revenues to QR5.1bn in 2025, s

Gulf Times

Ticker Price Volume
MCCS Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
QFLS 13.69 0.11 (0.81%)
ZHCD 11.33 0.24 (2.16%)
MERS 12.51 -0.08 (-0.64%)
BLDN 1.24 0.02 (1.63%)
MEZA 3.17 -0.03 (-0.94%)
Baladna, Gurmen Group partner to explore textile manufacturing in Syria

11/11/2026

Baladna Q.P.S.C. has signed a memorandum of understanding (MoU) with Turkish-based Gurmen Group to explore the development and operation of a textile manufacturing facility in Syria.

The agr

QNA

Vodafone Qatar, ITPC to explore regional, international connectivity opportunities

11/11/2026

Vodafone Qatar and the Informatics and Telecom Public Company (ITPC) have signed a Joint Cooperation Agreement at Mobile World Congress (MWC) Doha 2026 to establish a framework for collaboration in t

Gulf Times

Dukhan Bank announces November winners in Thara'a account prize draw

11/11/2026

Dukhan Bank has announced the names of the most recent round of draw winners for Thara'a, its Shariah-compliant savings account, at the bank's headquarters.

The draw was recently conducted u

Gulf Times

Commercial Bank named 'Best Retail Bank - Qatar 2026' by The Digital Banker

11/11/2026

Commercial Bank has been named 'Best Retail Bank - Qatar 2026' by The Digital Banker at the Global Retail Banking Innovation Awards 2026.

Shahnawaz Rashid, executive general manager and head

Gulf Times

ADIB launches 'ADIB Arrive' for new UAE residents

11/11/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has launched ADIB Arrive, a dedicated proposition designed for individuals and families who have recently relocated to the UAE.

Trade Arabia