Voltas, a premier air conditioning and engineering solutions provider and a projects specialist headquartered in India, said its international operations business group has clinched a major entertainment project worth SR428 million ($114 million) in Riyadh, Saudi Arabia for Qiddiya Water Theme Park.

As per the deal, Voltas will be responsible for installation and provision of mechanical, electrical and plumbing (MEP) services for the park.

Qiddiya is a public investment fund project that aims to become the capital of entertainment, sports and arts in Saudi Arabia with a one-of-a-kind disruptive destination offering innovative, immersive, and unparalleled experiences.

An ambitious project for the kingdom, it is likely to be completed by October 1, 2024.

It comes as part of Qiddiya’s objectives to establish Saudi Arabia as a global tourism destination and support its Vision 2030 in elevating tourism as a major contributor to economic diversification and creating a world-class destination.

On the big win, Managing Director and CEO Pradeep Bakshi said: "We are delighted to win yet another prestigious project in Saudi Arabia. We have been making our headway in Middle East market - predominantly the UAE, Qatar, Oman, Bahrain and Saudi Arabia, for over 40 years."

"We have transformed adversities into opportunities through improvised processes, embraced automation, eliminating significant costs arising out of mobility restrictions and other project risks," remarked Bakshi.

Founded in India in 1954, Voltas is part of the Tata Group, and in addition to ACs, it also has air purifiers, water dispensers, commercial refrigeration and air conditioning products in its portfolio.

"Today, Voltas is the leading MEP services provider in the region, felicitated with several awards for its quality, capability and safety records," he stated.

Qiddiya is being designed into a place where Saudi Arabia’s youth can achieve their goals. It will be a place where students may enjoy, appreciate, strive for, develop, and cultivate their potential; a place that opens doors and creates new career paths to support the creation of a more affluent and progressive society.

"With this new project, we believe that we will provide vast opportunities for development and collaboration in the coming years," he added.

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