Meed | Qatari contractor wins Saudi gigaproject work

Qatari contractor wins Saudi gigaproject work

10 July 2023

Elegancia Arabia Trading Company, a subsidiary of Qatar-based Estithmar Holding, has been awarded two new contracts for mechanical, electrical and plumbing (MEP) works for two resorts on Shurayrah Island at the Red Sea Project in Saudi Arabia.

The contract covers MEP works for the West Hotel 3 and West Hotel 4, each with 200 keys. The award comes on top of the contract signed in April this year for MEP works for three other resorts on Shurayrah Island. These include the Prestigious Central Hotel (430 keys), East Hotel 3 and East Hotel 4 (180 keys each).

The Red Sea Project includes constructing 11 hotels and resorts on the 88,269-square-metre Shurayrah Island and developing other coastal and inland hotel assets.

UK-based architectural firm Foster + Partners created the concept for the island, which was initially known as Coral Bloom. The island is being relandscaped to create a succession of lagoons and beaches.

The Red Sea Project is being developed by Red Sea Global, the company resulting from the merger of The Red Sea Development Company (TRSDC) and Amaala. It is wholly owned by Saudi Arabia's sovereign wealth vehicle, the Public Investment Fund (PIF).

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Yasir Iqbal