The project includes housing and urban planning on a large scale with the construction of 6,000 villas in an area of 7 million square metres to the east of Riyadh and more than 160 kilometres of main roads and secondary routes and related services, as well as a sewage treatment plant and several water tanks above and below ground.
The contract is expected to be completed in five years.
The Middle East, which includes Saudi Arabia, Oman and the United Arab Emirates, is rich in opportunity for Salini Impregilo, one of the foreign infrastructure groups with the biggest portfolio of contracts by value for large, complex projects in the region. At the global level, the Group has been a leader for the past five years in the water sector and one of the leaders in the transport sector.
This latest contract strengthens Salini Impregilo's role in the building and transport sectors of Saudi Arabia, which is seen investing $88 billion in infrastructure in the next five years.