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10 KSA projects you should be involved inby David Ingham on Jan 27, 2010
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Saudi Arabia has announced another expansionary budget for 2010, confirming that it will continue to spend heavily on key development projects.
The government has projected expenditure of US $144 billion (SR 540 billion) against revenue of $125 billion and has promised to allocate significant funds to transportation and utilities infrastructure.
It was confirmed that around $3.2 billion has been allocated for road construction projects in 2010. The length of roads to be constructed this year will total around 6400km.
This makes Saudi Arabia a market that no construction supplier can afford to ignore. Here, Construction Week presents ten projects that every contractor, sub-contractor and supplier should know about.
1. King Abdullah Economic City (KAEC)
Client: Emaar Properties
Estimated value: US $50 billion
Schedule: Construction started in 2006 and the overall project will be completed in stages.
Scope: KAEC is a massive development located in Rabigh, Saudi Arabia. The master plan of the city shows the city will be divided into: Industrial Zone, Residential Zone, Sea Resort and Sea Port.
The industrial zone covers an area of 63 million m². The zone will include facilities to operate and build plants and factories. The residential zone covers an area of 51 million m² and will include low, mid- and high-rise structures. The sea resort provides a built-up area exceeding 3.5 million m² for hotels, residential apartments, golf resorts, spas and water sports facilities.
The sea port provides 14 million m² to build a world-class port on Saudi Arabia’s west coast. The port will include 30 berths to serve global trade routes between Asia, Europe and Africa.
2. Sudair City Development
Client: Saudi Industrial Property Authority (Modon)
Estimated value: US $40 billion
Schedule: Last year, it was announced that Modon, Saudi Arabia’s industrial development agency, had shortlisted 10 developers for Sudair City. Further announcements are awaited.
Scope: Sudair City is a mixed use development that includes residential, commercial, entertainment and educational facilities. Sudair City will span an area of 258 million m² north of Riyadh.
3. Princess Noura bint AbdulRahman University for Women in Riyadh
Client: Ministry of Finance; Ministry of Higher Education
Estimated value: US $11.5 billion
Schedule: Work has begun and is due for completion by the first quarter of 2012.
Scope: The project involves construction of a new university for women. The university is expected to cover 8 million m² and will be located on King Khalid International Airport Road north of Riyadh. The total built up area is around 3 million m². The university will include administration buildings, 13 faculties, a 700-bed student hospital, laboratories, research centres and a residential area that includes accommodation for students and staff. The capacity of the university is around 26,000 students. The university will also have its own railway system.
Saudi Oger was awarded the first and most valuable package worth SR12.5 billion; Saudi Binladin Group and El-Seif Engineering & Contracting won subsequent packages valued at SR10 billion and SR8 billion respectively. The contracts cover the majority of construction on site, including low-rise faculty buildings, infrastructure and associated works.
A fourth package, valued at SR1.5 billion, covering an 11-km monorail network to link the facilities, was awarded to a consortium led by Saudi Binladin Group and Ansaldo STS and AnsaldoBreda, part of Italy’s Finmeccanica Group.
Saudi Binladin Group awarded Vision Electro Mechanical Company an SR1.31 billion (US $349mn) MEP sub-contract.
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