Saudi Arabias Qiddiya awards 1st construction contract of 2020

RIYADH: The Qiddiya Investment Co. (QIC) has awarded the first construction contract of the year to a major Saudi company, as building continues at the Qiddiya site.

“As Qiddiya strives ahead with its construction execution, we are delighted to begin the mass grading and site preparation of our two anchor development nodes: The Resort Core and the City Center,” said Michael Reininger, CEO of QIC.

“This is the first of many announcements for 2020 and we are proud to partner with a long-standing Saudi firm, the Abdul Ali Al-Ajmi Company, for this significant milestone.”

The start of the 12-month project will include the landscaping of 7 million cubic meters of earth to ensure the site preparation of a combined area of more than 4 million square meters. This will require upward of 500 pieces of major earthmoving equipment to grade and develop the plots, in addition to 4,000 tons of steel and 30,000 cubic meters of concrete for storm water management to prepare the area for the next stage of development.

Ali Abdul Ali Al-Ajmi, chairman of Abdul Ali Al-Ajmi Company, said: “As a Saudi company, it is an honor to be part of this unique project as Qiddiya’s partner. Over the past 40 years we have a demonstrated history of providing our clients with superior excavation, material transport, site preparation and development and so we look forward to using these skills to help Qiddiya achieve their vision.”