Salini Impregilo, an Italian specialist in the construction and civil engineering business, has won a SR1.1-billion ($293 million) contract from Saudi-based Al Khozama Management Company for the redevelopment of its ambitious Al Faisaliah District in the capital Riyadh.
Oil giant Saudi Aramco said it has reached an agreement with US-based Jacobs Engineering to set up a new joint venture company in Saudi Arabia that will provide professional programme and construction management (PMCM) services for social infrastructure projects throughout the kingdom and across the Middle East and North Africa.
The kilometre-high Jeddah Tower is due for completion by 2019 now that the financial issues with the main contractor Saudi Binladin Group (SBG) have been resolved, its developer said. The tower was originally scheduled for completion in 2018.
Turkish construction giant Yuksel has won a SR1.9-billion ($506.3 million) contract from the Saudi government for its ambitious Bus Rapid Transit (BRT) project, which will pave the way for the construction of 34 stations,1,353 community bus stops and six pedestrian bridges in the capital Riyadh.
US technology and engineering conglomerate GE signed business deals worth $15 billion last month with Saudi Arabia in a major boost to its industrial project development and cross-sector capacity building.
Saudi-based Al Enmaa Investment Company said it has set up a new real estate development fund to build a residential and commercial complex near the Al Haramain High-Speed Railway Station in the port city of Jeddah at an investment of SR4 billion ($1.06 billion). The Darb Al Haramain complex is taking shape on a 1.
Saudi Electricity Company (SEC) has launched the operation of a number of electric transmission and interconnection projects in the northern regions of the kingdom at a total cost of SR5.5 billion ($1.46 billion).
Saudi-based Abunayyan Trading officially opened the Abunayyan JCB headquarters in Riyadh last month in a glittering reception and presentation attended by top members of the Abunayyan Group, JCB from the UK, the Riyadh Chamber of Commerce and representatives from the British government.
