Salini Impregilo has added to its impressive tally of major construction contracts in the Kingdom of Saudi Arabia.
This time the Italian firm has clinched a $1.3bn contract for a project in Riyadh with the Saudi Arabia National Guard.
The project comprises housing and urban planning on a large scale with the construction of 6,000 villas in an area covering seven million square metres to the east of the Saudi capital.
It will have a main road more than 160 km long with secondary routes and related services, a sewage treatment plant and waters above and below ground. The contract is expected to complete in five years, the Italian contractor said in a statement.
The deal strengthens Salini Impregilo's role in the building and transport sectors of Saudi Arabia, which is seen investing $88bn in infrastructure over the next five years.
The company is taking part in the construction of Line 3, or Orange Line, of the Riyadh metro system.
Last April, Salini Impregilo won a $300mn contract to build the Al Faisaliah District Redevelopment for the Al Khozama Management Company, which specialises in the development and management of commercial, luxury and hotel real estate.
With Fisia Italimpianti, which is controlled by the group, Salini Impregilo won a $255mn contract with ACWA Power to build a desalination plant in the Shuaiba region in Oman.
In the UAE, the group is building the Meydan One Mall for $435mn, a shopping complex at the heart of a massive urban development plan between Meydan and Al Khail Road in Dubai.
It has a $200mn contract in Abu Dhabi to design and build a 5km section of a transit way that will cross two islands to connect the Capital District with the Central Business District under the 2030 development plan to foster economic growth.
With its U.S. subsidiary, Lane Construction, Salini Impregilo is helping with the expansion of Al Maktoum international airport in Dubai that will eventually serve 220 million passengers per year, making it the world’s largest by 2050, according to some estimates.