Saudi Arabia’s gigaproject developer Diriyah Company has allowed firms until 12 March to submit bids for the main construction works on King Khalid Road, which passes through the Diriyah project in Riyadh. Diriyah Company issued the tender notice for the project on 3 November, with an initial bid submission deadline of 3 January. The estimated $1bn project includes the construction works on three interchanges and connects the King Khalid Road with the Northern Ring Road and the Western Ring Road. In August, Diriyah Company had started clarifications with the bidders that submitted prequalification documents for the main construction works on King Khalid Road. The construction works on the tunnel for the Western Ring Road were completed in late 2023. The Western Ring Road connects Diriyah to one of Riyadh’s main highways at exit 38. It spans 435 metres and has eight lanes on the southbound and northbound routes. The tunnel was inaugurated in January 2024. Developed by Diriyah Company, the Diriyah masterplan envisages the city as a cultural and lifestyle tourism destination. Located northwest of Riyadh’s city centre, it covers 14 square kilometres and combines 300 years of history, culture and heritage with hospitality facilities. The company awarded several significant contracts last year, including three major contracts worth over $5.5bn. These include an estimated $2bn contract awarded to a joint venture of El-Seif Engineering & Contracting and China State to build the North Cultural District. In late July, Diriyah also awarded a $2.1bn package to a joint venture of local contractor Albawani and Qatar’s Urbacon to construct assets in the Wadi Safar district of the gigaproject. In December, Diriyah Company had awarded an estimated $1.5bn contract to local firm Nesma & Partners for its Jabal Al-Qurain Avenue cultural district, located in the northern district of the Diriyah Gate project. Once complete, Diriyah will have the capacity to house 100,000 residents and visitors. GlobalData expects the Saudi Arabian construction industry to record an annual average growth rate of 5.2% from 2025 to 2028, supported by investments in transport, electricity, housing and tourism infrastructure projects and the $850bn-plus gigaprojects programme. The infrastructure construction sector was expected to grow by 5.2% in 2024, before registering an average annual growth rate of 6% between 2025 and 2028, supported by government investments in rail, dams and road infrastructure projects.   For registration as a supplier: https://www.diriyahksa.com/Account/Register (ICE RIYADH)

Fonte notizia: Meed