Jabal Omar awards $600mn phase four contract
Ruwad Construction to build seven hotel towers under three-year deal
Jabal Omar Development Co has awarded a $613mn (SR2.3bn) contract to build the fourth phase of the huge towers project near the Grand Mosque in Makkah to Ruwad Construction Company.
The fourth phase of the project consists of three podiums and seven hotel towers with a total built-up area of around 320,000m2. It will be delivered over a three-year period to conclude in January 2017.
A total of 37 hotel towers and serviced apartments are being built by Jabal Omar Development Co in the area closest to the Grand Mosque.
Phase one, containing nine towers, was awarded to Nesma & Partners under a $900mn (SR3.4bn) deal in December 2010.
Phase two, worth around $400mn (SR1.4bn), was awarded to Saudi Arabian Baytur and Azmeel Contracting Co in March 2012 for four towers.
The third phase was awarded in December 2012 to a joint venture between Arabian Contracting Co and Drake & Scull.
The $720mn deal also involves four towers, including a twin-towered five-star Hilton hotel and a three-star Doubletree by Hilton.
Hill International has been project manager for the development since its outset. It recently gained a two-year extension to its contract, worth an estimated $28.7mn.