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Qiddiya prepares to award more infrastructure

22 November 2023

 

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Qiddiya Investment Company (QIC) is preparing to award an estimated $500m roads, utilities and tunnels (RUT) package at its Qiddiya entertainment city development in January next year.

The client instructed the shortlisted contractors to submit their final offers in November. 

The bidders include:

  • Shibh al-Jazira Contracting (local)
  • Al-Ayuni Investment & Contracting (local)
  • Saudi Real Estate Infrastructure Company (local)
  • Alkifah Contracting / Consolidated Contractors Company (local/Lebanon)

In August, MEED reported that contractors were invited to bid for the estimated $500m RUT package for the Qiddiya entertainment city development. 

The bid submission deadline was 21 September. 

US-based Jacobs is the project consultant.

Qiddiya projects

QIC is gearing up to deliver several components of its Qiddiya entertainment city project. 

In September, MEED reported that QIC had selected a joint venture of local contractor Saudi Real Estate Infrastructure Company (Binyah) and Qatar’s Infraroad Trading & Contracting Company to deliver the infrastructure works at Qiddiya’s resort core.

The two contracts, worth SR2.29bn ($610.5m), were awarded for packages three, four and seven, which include the construction of roads, bridges and utility networks at the resort core.

Earlier in September, QIC selected a joint venture of local contractor Albawani and Qatar-based Urbacon Trading & Contracting Company to deliver the Water Park Hotel at Qiddiya’s resort core.

In February, Saudi construction and utility services company Keir International secured an SR68.9m ($18.36m) contract for the Qiddiya water park. The scope of work includes engineering, design, electrical, communications, civil and electromechanical works.

Qiddiya is an entertainment destination being developed on a 367 square-kilometre site about 45 kilometres from Riyadh’s city centre. The project is funded directly by the Public Investment Fund, Saudi’s sovereign wealth vehicle. 

Saudi growth dips while project activity soars

Oil production cuts trim public sector growth, but private sector thrives

*=Year-to-date | Sources: IMF, MEED Projects, MEED

MEED’s October 2023 special report on Saudi Arabia includes: 

> COMMENT: Riyadh reshapes its global role
> POLITICS: Saudi Arabia looks both east and west
> SPORT: Saudi Arabia’s football vision goes global
> ECONOMY: Riyadh prioritises stability over headline growth
> BANKS: Saudi banks track more modest growth path
> UPSTREAM: Aramco focuses on upstream capacity building
> DOWNSTREAM: Saudi chemical and downstream projects in motion
> POWER: Riyadh rides power projects surge
> WATER: Saudi water projects momentum holds steady
> GIGAPROJECTS: Gigaproject activity enters full swing
> TRANSPORT: Infrastructure projects support Riyadh’s logistics ambitions
> JEDDAH TOWER: Jeddah developer restarts world’s tallest tower

 

 

https://image.digitalinsightresearch.in/uploads/NewsArticle/11317284/main.jpg
Yasir Iqbal

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