Kingdom signs $500m worth of infrastructure deals

Kingdom signs $500m worth of infrastructure deals
Published: 6 January 2013 - 6:30 a.m.

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Around 30 contracts worth over $580m (SR: 2.17bn) have been signed to implement municpial improvements such as roadss and tunnel maintenance, wastewater metworks, traffic safety and the construction of new municipal buildings, utilities and markets, according to the Saudi Press Agency.

The contracts will be carried out across major cities such as Jeddah, Makkah, Madinah and Riyadh.

The projects were anounced by the Minister of Municipal and Rural Affairs, Prince Mansour bin Miteb bin Abdulaziz.

According to the Saudi Gazette, $506.8bn (SR 1.9bn) worth of projects have been signed to help the development of Jeddah, including two bridge contracts granted to Sinopec International Petroleum Service Corporation.

These include a $47.9m (SR: 179.6m) deal to build a bridge at the intersection between Palestine St and Prince Miteb St, and another at the junction between King Fahd Road and the Industrial Institute.

Safa Projects & General Contracting has been given a road repair contract worth $8.7m (SR: 32.7m), while eight cleaning contracts worth more than $226m have been signed for waste collection and disposal.

Two contracts each were awarded to Ahmed Sulaiman Al- Fahad and Sons ($145m), Al Yammamah Trading & Contracting (worth $112.3m), and Al Majal Al Arabi Group/Al Jazeera Trading and Manufacturing ($47m), while Abdullah AM Khodari was awarded one $64m deal and Sadar Group one $59.2m contract.


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