Bauer's Saudi unit lands Neom foundation works contracts
RIYADH, December 21, 2022
Bauer, an international construction and machinery manufacturing group based in Bavaria, Germany, said its Saudi unit has secured two construction work contracts for ‘The Line’ - a 170-km belt of hyper-connected future communities without cars and roads and built around nature - being developed within Saudi Arabia's futuristic $500-billion city Neom.
This big win for Saudi Bauer Foundation Contractors comes on the back of a specialist foundation engineering project contract, which it had secured from Neom in August, involving the installation of 70-m-deep large-diameter bored piles for The Line.
All contracts are part of a three-year framework agreement, within which further projects are expected for the Bauer Group.
A leading provider of services, equipment and products dealing with ground and groundwater, Bauer Group said the follow-up contracts will also involve the construction of 70m deep large-diameter bored piles up to 2.5 m in diameter.
Bauer said with the construction work in full swing, the first contract will be completed on time.
The Neom megacity is currently one of the largest construction projects in the Arab region and the world. This is to be newly built in the northwest of Saudi Arabia near the Red Sea.
A major part of this is the construction project, The Line, a city which, when completed, will have
a length of 170 km and accommodate nine million people.
"The Neom megacity is currently the talk of the town and one of the world's most impressive construction projects," remarked Bauer CEO Michael Stomberg.
"Shortly before the successful completion of the first contract, we are pleased to have the confidence of the client to execute further project sections," he noted.
In total, the Bauer Group has received new projects worth euro 130 million in recent weeks. This means that the order backlog in the construction segment remains at a record level, he added.-TradeArabia News Service