The completed deal is with Shibh Al Jazira Contracting Company and is for the building of storm water drainage facilities, roads and bridges.
Qiddiya Investment Company (QIC) has inked a major three-year construction contract worth $186.5M with Saudi Arabian contractor Shibh Al Jazira Contracting Company (SAJCO) to build storm water drainage facilities, roads and bridges at the 334 kilometre square entertainment, sports and arts giga-project.
And despite the global Covid-19 pandemic, QIC Chief Executive Michael Reininger has insisted that it is business as usual at the site.
As part of the agreement, SAJCO will construct 45km of roads, seven bridges and grade-separated interchanges. The infrastructure facility will provide access from the main approach highway to Qiddiya’s Resort Core that will be home to theme parks and other attractions, towards the Motion Zone, featuring motor racing facilities, and to the Golf and Equestrian Community.
Zyad W. Suleiman, CEO of SAJCO, said: “Qiddiya, as the giga-project will change the entertainment and economic landscape of Saudi forever.”
QIC, which will commence testing and commissioning in 2022, is planning to announce “even more major contracts later this year”.
