EXCLUSIVE: GTCC vies for massive Saudi tenders
Forming JV with Saudi Oger for Capital Market Authority tower
Gulf Technical Construction Company (GTCC), the civil contracting subsidiary of Drake and Scull International (DSI), is competing for three huge construction tenders in Saudi Arabia according to its executive director Saleh Muradweji.
Speaking on the sidelines of the Construction Week Dubai conference held yesterday, Muradweji said GTCC was forming a joint venture with Saudi Oger to bid for construction of the 400m tall Capital Market Authority (CMA) tower in Riyadh.
“We were approached by Saudi Oger to form a joint venture and bring our technical expertise in high rise construction to the table,” he said.
“Now we are one of two or three pre-qualified contractors, including Saudi Binladin, currently tendering for the job which closes at the end of November.”
The tower is being developed by CMA and will be the tallest in the US $10 billion (SR 37.5 billion) King Abdullah Financial District (KAFD) which is currently under construction alongside King Fahd Highway in central Riyadh.
Meanwhile, Muradweji said GTCC is also bidding for two large government-funded education facilities - the King Abdulaziz Centre for Knowledge and Culture in Dammam and the King Abdullah Petroleum Studies and Research Centre in Riyadh. Both projects are being managed by Saudi Aramco.
He said it was the first time Aramco had invited international companies to bid for its projects and they were among three or four pre-qualified contractors in the running.
The King Abdulaziz Centre for Knowledge and Culture will consist of several round-shaped iconic buildings designed by Norwegian architects Snohetta, a firm which specialises in cultural projects.