| Explanation |
Tam Development Company would like to announce that it has signed contract for the project: providing digital solutions and consulting services to develop and operate tourism services digital platform, for Saudi Tourism Authority |
| Date of Announcement of the Award |
2023-09-26 Corresponding to 1445-03-11 |
| Contract Subject Matter |
The scope includes providing digital solution and the needed consulting services to develop and operate tourism services platform |
| Date of Signing the Contract |
2023-10-15 Corresponding to 1445-03-30 |
| Contract Value |
14,831,972.39 Including VAT |
| Contract Details |
The scope includes providing digital solution and the needed consulting services to develop and operate tourism services platform |
| Contract Duration |
16 months |
| Financial Impact and the Relevant Period |
Financial impact is expected to be on Q1, Q2, Q3, & Q4 of 2024, and Q1 of 2025 |
| Related Parties |
N / A |
| Additional Information |
TAM received letter of award on 25 September 2023 (10 Rabi Awal 1445 H), while the letter date is 21 September 2023 (6 Rabi Awal 1445 H). TAM signed the contract from its end on October 9th 2023, and Saudi Tourism Authority signed the contract on October 15th 2023. Contract duration starts on October 8th 2023 |
