Tam Development Signs Contract with Saudi Tourism Authority at SAR 14.8 million

Tam Development Company has officially announced the signing of a contract for a project involving the provision of digital solutions and consulting services. This project aims to develop and operate a digital platform for tourism services on behalf of the Saudi Tourism Authority, with a total contract value of SAR 14.8 million.

The company explained that the duration of the contract is 16 months, and the financial impact is expected to be on Q1, Q2, Q3, & Q4 of 2024, and Q1 of 2025.

TAM received a letter of award on 25 September 2023, while the letter date is 21 September 2023. TAM signed the contract from its end on October 9th 2023, and the Saudi Tourism Authority signed the contract on October 15th 2023. The contract duration starts on October 8th 2023.