GeneralMedium•1 November 2026•
1 min read
Cenomi Centers Awards $220M Contract for Madinah Downtown Project
Key Facts
1Cenomi Centers awarded a $220 million design-and-build contract to Lynx Contracting Company for the Madinah Downtown project.
2The project is owned by Saudi Downtown Company, a PIF subsidiary, and includes mall and office components.
Cenomi Centers awarded a $220 million design-and-build contract to Lynx Contracting Company for the Madinah Downtown project. SaudiGulf Projects reported that the project is owned by Saudi Downtown Company, a subsidiary of the Public Investment Fund (PIF), and includes both mall and office components.
The contract covers the engineering and construction of the Madinah Downtown Mall as Cenomi Centers seeks to expand its retail and office footprint in Saudi Arabia. This development marks a significant progression in the project's timeline, aligning with the broader growth of real estate assets managed under the PIF umbrella.