Saudi Arabia is likely to remain the dominant construction market in the GCC for the foreseeable future, with an estimated $200 billion spend in construction planned over the next two years and much more in the pipeline, according to a report.
Malaysia-based Eversendai Corp, an engineering and construction company, said it has won a contract from Saudi Arabia to carry out the steel works and cladding for Lines One and Two of the Riyadh Metro stations.
Global infrastructure and development services corporation Louis Berger has been named the programme management office consultant (PMOC) for an ambitious transportation infrastructure initiative in Madinah. The SR375-million ($100 million) deal is the largest ever Mena (Middle East and North Africa) contract signed by the company.
Saudi-based Sabban Group of Companies has announced plans to develop Bayat Plaza, a residential project in Jeddah featuring two neighbouring towers that will offer 272 luxury apartments including duplexes and penthouses.
Saudi Arabia was set to launch last month an ambitious project to develop the Al Bujairi district, the gateway to the historic area of Diriyah, on the outskirts of Riyadh, following years of study, said a report. The development project will involve the central area, which will host open-air activities and commercial services offered to visitors.
US-based Doble Engineering Company said it has been awarded a key contract by the Saudi-based Marafiq Power and Water Utility Company to provide consulting and training services for its transmission and distribution division to meet its rigorous ISO 55000 standards.
Jacobs secures Modon contract JACOBS Engineering Group has won a two-year contract from Saudi Industry Property Authority (Modon) for supervision consultancy services to support the development of three industrial cities in Saudi Arabia.