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04-11-19
Saudi's National Guard awards USD1.3bn deal to Salini Impregilo
(MENAFN) Salini Impregilo, an Italian specialist in the construction and civil engineering business, has won a USD1.3-billion construction contract from the Saudi Arabia National Guard.
The project involves housing and urban planning on a large scale with the construction of 6,000 villas in an area of 7 million sq m to the east of Riyadh and more than 160 km of main roads and secondary routes and related services, as well as a sewage treatment plant and several water tanks above and below ground.
A statement from Salini Impregilo stated that the contract is expected to be completed in five years.
This latest contract supports Salini Impregilo"s role in the building and transport sectors of Saudi Arabia, which is seen investing USD88 billion in infrastructure in the next five years, it stated.
MENAFN0411201900450000ID1099217549
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