Saudi Arabia’s Qiddiya Investment Company (QIC) has 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 the Qiddiya’s resort core.
The two contracts worth SAR2.29bn ($610.5m) were awarded for packages three, four and seven, which include the construction of roads, bridges and utility networks at the resort core in Qiddiya entertainment city.
US-based Jacobs is the project consultant.
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.
Qatari Ammico Contracting Company undertook the foundation works. The scope of the contract involves the construction of a 400-key, four-star hotel.
Dubai-based DSA Architects International and the UK’s Omto Architects are the project consultants.
The client issued the tender for the main contract in March, and the bid submission deadline was 15 May.
Qiddiya projects
QIC is gearing up to deliver several components of its Qiddiya entertainment city project.
In August, MEED reported that contractors were preparing the infrastructure bids for an estimated $500m roads, utilities and tunnels package.
The client is also evaluating bids for the main construction contract for a 5,300-seat e-games arena at its sports complex. The venue will provide space for local, national and international competitions.
Work on the Qiddiya sports complex includes the construction of a stadium, a multi-sports hub, two golf courses, training facilities and an aquatic centre.
In February, Saudi construction and utility services company Keir International secured a 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 located about 45 kilometres from Riyadh city centre. The project is funded directly by Saudi sovereign wealth vehicle the Public Investment Fund.
QIC plans to raise additional funding through a bond or sukuk offering and private investment. The development will be served by a new metro line and is expected to open its first phases to the public by the end of 2024.