Construction contracts for Saudi Arabia’s King Abdullah Economic City surpass SAR1bn in 2018

By Sophie Chapman
The King Abdullah Economic City’s construction and development contracts have surpassed SAR1bn (US$320mn) in 2018. The Saudi Arabian project is being...

The King Abdullah Economic City’s construction and development contracts have surpassed SAR1bn (US$320mn) in 2018.

The Saudi Arabian project is being developed by Emaar, The Economic City (Emaar EC).

The acting Chief Executive Officer of the megaproject, Ahmed bin Ibrahim Linjawy, revealed that the city’s contracts include packages to develop the Industrial Valley.

The economic city’s Industrial Valley – which will be located approximately one hour from Jeddah, Makkah, and Medina – has accounted for around 20% the total contracts’ value, along woth residential areas and facilities.

SEE ALSO:

80% of the contracts were appointed for the development of projects, services, and products in sectors such as the tourism industry, entertainment, and sports.

National Saudi Arabian companies and establishments received 90% of the total construction contracts that were awarded this year.

More than 110 firms in total have been attracted to the mega project – both national and international.

The city’s development plans are continuing to focus on the country’s strategic sectors such as logistics, the Saudi Gazette reported.

Share

Featured Articles

Dubai Extends Metro as Millions Switch to Public Transport

Dubai to spend US$4.9 billion on extension to successful Metro system to connect more residential communities to growing public transport system

New construction contracts released for HS2 UK rail project

Great Britain’s high speed railway construction project is set to bring another £1bn of benefits to British businesses

How to lead a successful EDI migration process

Software developer Comarch, which has over 20 years of experience in data management, shares tips on the potentially challenging EDI migration process

Changing EDI provider & how to find the right one

Technology & AI

Tinamu drone automation revolutionises inventory management

Digital Construction

COBOD's BOD2 3D printer used to build a school in Ukraine

Construction Projects