Saudi Arabia's Royal Commission for Jubail and Yanbu granted four contracts for a combined SR526 million ($140 million) to develop infrastructure projects in Yanbu, the Saudi Press Agency reported, citing a signing ceremony. Beijing Construction Engineering Group Co. Ltd won two contracts valued at SR299 million to develop buildings in the industrial city on the western coast of the Kingdom, the official news service said. The contracts were signed by Prince Saud Bin Abdullah Bin Thunayyan, Chairman of the Commission at his office in Riyadh. The first and second contracts were signed with Peking Company for Engineering Constructions Limited at a cost of SR299 million to construct the new headquarters for the Commission in Yanbu and the infrastructure in its vicinity. The commission saw it was necessary to develop this site to suit the importance of the downtown area, which in the future will become a vital commercial area. The first contract is for construction of the building on an area estimated at 56,000 sq.m. with a unique architectural style and it will be overlooking the Red Sea and the residential area in Al-Fahd District located in downtown Yanbu Al-Sinaia. The project comprises two interlinked buildings, parking lots and services areas. The second contract is for preparing the basic needs of the area surrounding the building. The company executing the project will carry out the concrete works for the support utilities, basic supports, bridges, side passageways, lighting for the area and streets, water and sanitary drainage networks, distribution and storing of electrical power, planting trees and plants, beautification, etc. The third and fourth contracts were signed with As'ad Bolgo Consortium with a value of SR227 million for constructing the basic facilities and a number of housing units in Al-Mushaireef 2 District in Yanbu Al-Sinaia. These works represent the fifth stage for the construction of housing units. The project area reaches 17.9 hectares. Al-Mushaireef District is one of the new districts to be constructed by the Commission aimed at providing a model living environment for its workers and employees and keep up with the multifold increase in the industrial sector and commercial activity as well as population increase in Yanbu Al
