Diriyah awards SAR2.73bn hotel and residential contracts
- Client
- Diriyah Company
- Winning contractor
- MAN Enterprise Al Saudia–Al Majal Al Arabi joint venture; Urbacon Saudi S.P.C.
- Contract value
- Combined SAR2.729bn (about US$728m), two contracts
- Award date
- Not confirmed in source
Contract scope
Diriyah Company has awarded two construction contracts worth a combined SAR2.729bn (about US$728m) for hospitality and residential assets in Diriyah Square.
Reporting and evidence
Fields reflect the linked reporting below. Publication, announcement and signing dates are not treated as award dates.
Evidence for these fields
Extracts from this article. Original source links remain in the full story.
- Client: Diriyah Company has awarded two construction contracts worth a combined SAR2.729bn (about US$728m) for hospitality and residential assets in Diriyah Square.
- Winning contractor: A joint venture between MAN Enterprise Al Saudia and Al Majal Al Arabi has secured a contract reported at SAR1.324bn. Urbacon Saudi S.P.C. has been awarded a contract reported at SAR1.406bn. The two awards cover 413 hotel rooms and 34 branded residential units in total.
- Contract value: Diriyah Company has awarded two construction contracts worth a combined SAR2.729bn (about US$728m) for hospitality and residential assets in Diriyah Square.
Full story and sources
Diriyah Company has awarded two construction contracts worth a combined SAR2.729bn (about US$728m) for hospitality and residential assets in Diriyah Square.
A joint venture between MAN Enterprise Al Saudia and Al Majal Al Arabi has secured a contract reported at SAR1.324bn.
Urbacon Saudi S.P.C. has been awarded a contract reported at SAR1.406bn. The two awards cover 413 hotel rooms and 34 branded residential units in total.
The contracted works include façades, blockwork and construction, interior fit-out, heating, ventilation and air-conditioning, mechanical, electrical and plumbing systems, and external works.
Both contractors have previously delivered work for Diriyah Company. The new awards cover hospitality and residential construction in Diriyah Square.
The packages will require coordinated delivery across structural, façade, fit-out, MEP and external-works scopes under the main construction contracts.
Sources: Saudi Press Agency; Argaam