Salini Impregilo wins $1.3bn contract to build villa complex in Saudi Arabia

Salini Impregilo

Feb 26, 2018 – Italian construction services firm Salini Impregilo has secured an order worth about $1.3bn to construct villas and associated infrastructure for the Saudi Arabia National Guard.
Under the contract, Salini Impregilo will be responsible for housing and urban planning on a large scale with the construction of 6,000 villas in an area of seven million m2 to the east of Riyadh

The scope of the project will also include the construction of over 160km of main roads and secondary routes and related services, as well as a sewage treatment plant and several water tanks above and below ground.

Works under the contract will be completed in five years.

 

Salini Impregilo believes that the new order boosts its role in the building and transport sectors of Saudi Arabia, which is seen investing $88bn in infrastructure in the next five years.

The company, which operates in over 50 countries, is involves in the construction of Line 3, or Orange Line, of the Riyadh metro system. At 41.58km, the line will be the longest in the system.

In April 2017, the firm secured a $300m contract to construct the Al Faisaliah District Redevelopment for the Al Khozama Management Company, which is engaged in the development and management of commercial, luxury and hotel real estate.

Salini Impregilo also won a $255m contract from ACWA Power to build a desalination plant in the Shuaiba region in Oman.

In the UAE, the company is constructing the Meydan One Mall for $435m, a shopping complex at the urban development plan between Meydan and Al Khail Road in Dubai.

Furthermore, it has a $200m contract in Abu Dhabi to design and build a 5km section of a transit way that will cross two islands to connect the Capital District with the Central Business District in the capital of the UAE under its 2030 development plan.

Source:- http://www.worldconstructionnetwork.com/news/salini-impregilo-wins-13bn-contract-to-build-villa-complex-in-saudi-arabia/

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