Webuild, Shibh Al Jazira JV awarded €1.4 bn contract in NEOM

Webuild, Shibh Al Jazira JV awarded €1.4 bn contract in NEOM

Webuild and its joint-venture partner Shibh Al Jazira Contracting Company (SAJCO) have signed a contract worth circa €1.4 billion to design and build 57 kilometers of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia.

The contract covers the design and build for the majority part of the Connector, a railway connecting Oxagon, NEOM’s center for advanced and clean industries with THE LINE, a future-forward city. As a result of this agreement, Webuild anticipates more than 4,000 direct and indirect jobs are to be generated in the Saudi market.

NEOM, a region designed as a blueprint for sustainable urban living with enhanced livability, is among Saudi’s key Giga-Projects, and is commonly known for its regional development THE LINE announced in 2021. THE LINE is a continuous, 170-km long city with no traditional roads or cars that will be able to accommodate a population of up to nine million people on a footprint of just 34 square kilometers. Once completed, NEOM will be powered by 100% clean energy, through renewable solar, wind and green hydrogen-based energy.

The JV agreement is split 70/30 between Webuild, through its local branch and its unit Salini Saudi Arabia, and SAJCO. The partnership includes