Saudi gigaproject developer Diriyah Company is preparing to award an estimated  $2bn contract for the construction of assets in the Wadi Safar development of the Diriyah Gate project in Riyadh The contract is likely going to be awarded by the end of July. The assets include: The Aman Wadi Safar hotel and residences A Six Senses hotel A Chedi hotel and residences A Faena hotel and residences The Royal Diriyah Equestrian & Polo Club (excluding enabling works) The North and South Fairways retail facilities and a mosque The Grove retail facilities, mosque and clinics Wadi Safar is one of the original projects announced by Diriyah Company as part of the Diriyah Gate project. It is a mixed-use development featuring residential buildings, farm plots, hotels, branded hotel villas, a golf course, an equestrian and polo club, and other leisure and entertainment facilities. In May, the president of the Diriyah Company said he expects the company to award contracts worth $8bn-$9bn this year for its Diriyah Gate project. "We have awarded about $14bn-worth of contract awards so far, and this year we will award about $7.9bn-$9.3bn of contracts to achieve our targets," Mohammad Saad, Diriyah Company president. Regarding the project delivery challenges facing most gigaprojects, Saad said: "Diriyah has devised a superblock strategy where we combine assets for a particular development, and we have seen a positive response from contractors." Earlier in July, Diriyah Company awarded a construction contract valued at over $2bn to the joint venture of El-Seif Engineering Contracting and Beijing-based China State Construction Engineering Corporation for the construction of the Northern District of the Diriyah Gate development.   In a statement, Diriyah Company said that construction work is due to start in the third quarter of this year.  Bidders had submitted offers for the contract at the end of 2023. The work scope comprises the construction of buildings that include King Salman University, Misk Heritage Institute, House of Al-Saud, Journey of 100 Stories, King Salman Square, Capella Hotel and the King Salman Foundation Library & Headquarters.    For registration as supplier: https://www.dgda.gov.sa/pages/procurement.aspx  (ICE RIYADH)

Fonte notizia: Meed