RIYADH — The Qiddiya Investment Company (QIC) has awarded a three-year SR700 million major stormwater drainage, roads and bridges contract to leading Saudi firm, Shibh Al Jazira Contracting Company (SAJCO). "Although 2020 has presented some unprecedented circumstances, Qiddiya has proudly sustained a 'business as usual' protocol, signing our second major construction contract with SAJCO and achieving yet another major construction milestone for this year. This stormwater drainage, roads and bridges will provide access to all facilities and assets on the lower plateau of our site, enabling the transport of key construction materials to the various development sites within Qiddiya's lower plateau," said Michael Reininger, Chief Executive Officer of QIC. "Once again, we are pleased to be working with an experienced Saudi company and we look forward to announcing even more major contracts later this year". This agreement includes the creation of 45 km of roads and seven bridges and grade-separated interchanges that will provide access from the main approach highway, deep into Qiddiya's Resort Core with its theme parks and other attractions, toward the Motion Zone, home to world-class motor racing facilities, and to Qiddiya's spectacular Golf and Equestrian Community with its championship courses and beautiful residential offerings. To build these roads, SAJCO will excavate 6.5 million cubic meters of earth, utilize more than 80,000 cubic meters of concrete for the bridges and associated structures and 1.2 million sq. meters of asphalt for the road surfaces. The construction will begin this month and will be completed by mid-May 2023. It will take over 1,000 skilled workers to complete the task. "Since its foundation, SAJCO has been building important infrastructure, and it makes us proud to be part of developing a national giga-project like Qiddiya and to be selected as a key partner for this significant part of the journey. Another focus for us is to aid the National Transformation Program 2020 and the Saudi Vision 2030 and we are delighted to work with Qiddiya, as the giga project that will change the entertainment and economic landscape of Saudi forever," said Zyad W. Suleiman, CEO of SAJCO. SAJCO, established in 1965, is one of the leading companies in the field of contracting and construction in the Kingdom of Saudi Arabia. It has accumulated extensive experience in different fields of construction and maintenance as well as industrial, trade, educational and commercial. Qiddiya's vision is to create a new city recognized on the world stage as the home of the most innovative experiences in entertainment, sports and the arts. Qiddiya will continue with both heavy construction and developing strategic partnerships well into 2022, at which time it will move into the testing and commissioning phases, ahead of its grand opening date the following year.
