News dalla rete ITA

25 Novembre 2021

Arabia Saudita


Saudi Arabia-based developer Roshn has extended to the end of November the deadline to submit bids for the first phase of infrastructure for the residential scheme it plans to develop in Jeddah. Bids for the Al-Arous phase 1A infrastructure tender were previously due by 16 November. The tender covers the development of roads and utilities for phase 1A of the planned Jeddah North residential scheme. The scope of works is understood to include site grading; primary, major, secondary and tertiary roads; and water, firefighting, power and telecommunications networks. Jeddah North located close to the Al-Hamdaniyah district of the city, north of King Abdulaziz International airport and south of the King Abdullah medical complex. The project site spans 424 hectares and is expected to have a population of 73,000 people with approximately 19,000 housing units, as well as commercial, cultural, entertainment and service components. Roshn has the backing of the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth vehicle. It plans to develop more than 395,000 residential units in cities within Riyadh, Mecca, Asir and the Eastern Region. The company is expected to directly contribute SR212bn to Saudi Arabia’s GDP and support the kingdom’s plan to raise citizen homeownership to 70 per cent by 2030, according to PIF’s 2021-25 programme. In June, Roshn awarded a contract to Germany’s Siemens Energy to strengthen the transmission network for its 30,000-home project in Riyadh. The developer also said in December that Siemens would deliver detailed engineering, procurement and construction services for underground cabling spanning 26 kilometres, for the first phase of its Riyadh project.   India’s Shapoorji Pallonji was confirmed to build 3,000 homes with associated utilities, roads and landscaping for the first phase. The contracts awarded to Siemens and Shapoorji Pallonji had a combined value of $506.5m. (ICE RIYADH)

Fonte notizia: Meed