Qiddiya awards $533m contracts for giga-project to Saudi firms
- Date: 26-Nov-2020
- Source: Arab News
- Sector:Real Estate
- Country:Saudi Arabia
Qiddiya awards $533m contracts for giga-project to Saudi firms
Qiddiya awards $533m contracts for giga-project to Saudi firms
Qiddiya awards $533m contracts for giga-project to Saudi firms
The most recent contract award, a three-year $293.150 agreement to construct major roads and bridges on the upper plateau of the site, was recently won by Haif & Freyssinet (File/Shutterstock)erstock)
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Qiddiya awards $533m contracts for giga-project to Saudi firms
The most recent contract award, a three-year $293.150 agreement to construct major roads and bridges on the upper plateau of the site, was recently won by Haif & Freyssinet
All contracts have been fully awarded to Saudi companies, Qiddiya said in a statement
Updated 26 November 2020
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Qiddiya Investment Company (QIC) awarded construction contracts of $533m (2 blln riyals) on the Qiddiya giga project, since construction began some 12 months ago.
The most recent contract award, a three-year $293.150 agreement to construct major roads and bridges on the upper plateau of the site, was recently won by Haif & Freyssinet - a joint venture contract between the two local firms - allowing QIC to cross the 2 billion riyals mark.
All contracts have been fully awarded to Saudi companies, Qiddiya said in a statement.
During lockdown, Qiddiya ensured all necessary safety precautions and protocols were followed and was able to