Logo of Batic Investment and Logistics Co. 

Batic Investment and Logistics Co. extended its memorandum of understanding (MoU) with Al- Marshad Group Holding and Smart Cities Solutions Co. for three additional months, ending Jan. 29, 2022, according to a bourse statement.

 

This is the third time the company has extended the MoU. It was first extended on May 2 for three months until July 29, and it was extended again on July 29 for another three months ending Oct. 29.

 

Batic announced, in November 2020, a MoU with both companies to bid, as a consortium, to construct and operate the car parking project in Olaya, Argaam earlier reported.

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