Jacobs wins key Rua Al Madinah project deal
01 March 2024
Saudi-based Rua Al Madinah Holding has signed up Jacobs, a global provider of construction services, to provide design services for 12 hotel brands coming up within its mega mixed-use development in Madinah city. Spanning an estimated 1.5-million-sq-m area, the Rua Al Madinah project will boast 47,000 hospitality units that will cater to approximately 149,000 visitors by 2030.
The Saudi developer said the Jacobs contract comes as part of its SR300 million ($80 million) deals last month with several international design, engineering consultation, and supervision consultancy firms to oversee the work on hotels within the fourth and fifth Super Blocks of the project.
“With over 8,000 rooms, this is expected to be one of the most attractive and largest blocks within the Rua Al Madinah project,” said its CEO Engineer Ahmed W Al Juhani after signing the deals at the PIF Private Sector Forum in Riyadh.
The other key contract was sealed with KEO International Consultants for overseeing the implementation of the fifth Super Block.
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