Salini wins $300m refurb contract for Riyadh icon
Salini Impregilo has won a $300m contract from Al Khozama Management Company to refurbish and extend the Al Faisaliah Mall complex in central Riyadh
Salini Impregilo has won a $300m contract from Al Khozama Management Company to refurbish the Al Faisaliah Mall, which is part of the Al Faisaliah Centre with its iconic skyscraper in central Riyadh.
The Al Faisaliah District Redevelopment Project includes a $53m refurbishment of the Al Faisaliah Mall, as well as demolishing the adjacent Seyahiah buildings to make way for the construction of an extension to the existing retail complex.
The mall will be remodelled and upgraded section by section to ensure that it remains open throughout the period of the work, which is expected to be completed in 16 months. The entire project, including the extension, will be finished in three years.
The contract is part of $1.81bn worth of projects already awarded to Salini Impregilo this year, and announced with the publication of the Group’s preliminary 2016 results.
Salini Impregilo has been involved on a number of projects in Saudi Arabia, including on Line 3, the longest line at 42km, of the Riyadh Metro. The contractor completed the tunnel excavation work for this line in January.
In March, Salini also signed a $435m contract to build another retail development in the region: the Meydan One Mall by the Meydan Group.
The Italian company is a leading global infrastructure player, and other projects in its regional portfolio include the Strategic Tunnel Enhancement Programme (STEP) and Sheikh Zayed Grand Mosque in Abu Dhabi.
Globally, it has recently worked on the Panama Canal expansion, the Grand Ethiopian Renaissance Dam in Ethiopia, the Cityringen metro in Copenhagen and the Gerald Desmond Bridge in California.