Saudi Arabia: SRECO awards SAR1.1bn contract to BINYAH
Al Widyan Saudi Real Estate Company, a private joint stock company owned by Al Akaria Saudi Real Estate Co. (SRECO), has awarded a SAR1.1bn contract to BINYAH to develop key infrastructure on the Al Widyan project, SRECO’s 700ha site in the northern growth corridor of Riyadh.
BINYAH is a joint venture between SRECO and Mohammad Ali Al Swailem Group (MASCO), which own 60% and 40% of the joint venture company respectively. Binyah will be responsible for developing the infrastructure of the Al Widyan project.
Groundworks on SRECO’s 700ha site have already begun, and BINYAH will deliver community and utility buildings, roads, cabling and pipework.
The scale of the project is illustrated by the scope of works under the contract, which includes 80km of roads, 275km of power supply cabling, 250km of telecoms cabling, 100km of potable water pipework, and a 200km irrigation network.
Abdulrahman Almofadhi, chairman of the Board of Directors of SRECO, said: “The project under development is a massive undertaking. We are confident that BINYAH will deliver the high-quality roads, water networks, electricity networks, sewage networks, power stations and other elements of the project to make it a success. Infrastructure delivery under BINYAH’s contract is expected to generate 2000 jobs, a large proportion of them for Saudis.”
The scope of work under the contract includes:
- 80km of roads
- An extensive network of pedestrian routes
- Pedestrian and road bridges and underpasses
- Traffic control systems
- Signage and way finding for traffic
- Power supply system and substations with 275km of cabling
- 2,000 LED street lights with 85km of cabling
- Telecommunications system using 250km of cabling
- 100km of potable water pipework and firefighting system
- A 200km irrigation network – in places using existing wadis
- A 60km wastewater collection and disposal system
- 5km of stormwater drainage system utilising existing wadis
- District cooling network
- Public realm and landscaping