Eversendai picks up $55m Riyadh Metro project

Company picks up deal from BACS Consortium for steel works on East, North and South depots on lines one and two

Eversendai will carry out the steelworks for the North, South and East depots for the metro project.
Eversendai will carry out the steelworks for the North, South and East depots for the metro project.

Eversendai Corporation, a provider of specialist engineering and construction services, has won two new contracts in Saudi Arabia worth $66.5m.

The Malaysia-headquartered steel specialist, which earns around two-thirds of its revenues from the Middle East, has landed a $54.8m deal from the BACS consortium delivering lines 1 and 2 of the Riyadh Metro.

The Bechtel-led consortium, which also includes CCC, Almabani General Contractors and Siemens, has awarded it a contract to carry out the steel works and cladding for its East, North and South depots.

The second contract win for $11.6m is to design, supply, fabricate and install a conversion hangar in Riyadh used to service aircraft.

Eversendai said it is confident that it could secure more steelworks packages at the $23.5bn Riyadh Metro project.

Executive chairman Tan Sri A K Nathan, “We remain upbeat about our prospects in 2015. Since January this year we have already secured projects worth $233m. We believe the Middle East will continue to be our most productive region."

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020