Riyadh Development Company faces difficulties in completing the development and investment of Atika Market

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Riyadh Development Company announced that the second phase of the construction, investment, operation, and maintenance of the Atiqa Central Market—which constitutes 30 % of the project—was completed during the second quarter of 2017, The company pointed to a number of obstacles and difficulties it faced due to the presence of certain infrastructure services, such as utility lines and networks, that needed to be relocated, which led to a delay in completion. The company clarified that this delay does not entail any additional financial burdens on the contract value.

In November 2013, Riyadh Construction Company signed a contract with the Saudi Construction Company to develop the Atiqa Central Market, valued at 242 million riyals, with a 24-month implementation period.