10. National Guard housing and infra
The Avenues Riyadh is not Salini Impregilo’s only contract in the kingdom – this February, the Italian civil infrastructure giant announced it had been awarded a $1.3bn (SAR4.87bn) contract by Saudi Arabia National Guard.
The project entails the delivery of housing and urban planning services, as well as the construction of 6,000 villas, across a 700ha area to the east of Riyadh. A 160km road, in addition to secondary routes and related services, a sewage treatment plant, and above- and below-ground water systems, will also be developed as part of the project.
Salini Impregilo stated that contract works are expected to be completed in five years.
Pietro Salini, chief executive officer of Salini Impregilo, said the contract was "an important milestone" for the company's Middle East growth strategy, adding: “This project allows us to make use of a summary of what we [will] need in the future to meet the challenges of the infrastructure sector, [which are] urbanisation, transport and urban centre connection, and water management.”
In a statement, Salini Impregilo said the latest contract win would strengthen its presence in Saudi, where it is involved in the construction of Line 3 – also known as Orange Line – of Riyadh Metro. The 41.58km line will be the metro system's longest.
Last April, the company won a $300m (SAR1.1bn) contract to work on the Al Faisaliah District Redevelopment project for Al Khozama Management Company, which specialises in the development and management of commercial, luxury, and hotel properties.