MILAN, 20-Apr-2017 — /EuropaWire/ — Salini Impregilo has won a $300-million contract from Al Khozama Management Company, the leading developer and manager of luxury, hospitality, retail and commercial properties in the Kingdom of Saudi Arabia.
The contract – known as the Al Faisaliah District Redevelopment Project – begins with a $53-million refurbishment of the renowned Al Faisaliah Mall, home to some of the world’s leading designer brands, as well as demolishing the adjacent Seyahiah buildings to make way for the construction of a Mall extension. Reflecting the world’s highest architectural standards and most innovative retail experiences, this is poised to be the ultimate lifestyle destination experience.
The Mall will be remodeled and upgraded section by section, ensuring that it remains open throughout the period of the work, which is expected to be completed in 16 months.
The entire Project is to be finished in three years.
The contract is part of €1.7 billion worth of projects already awarded to Salini Impregilo this year, news of which was announced with the publication of the Group’s preliminary 2016 results.
Salini Impregilo has had a number of projects in Saudi Arabia, including the longest (42 kilometres) line of the Riyadh Metro Project.
SOURCE: Salini Impregilo S.p.A.
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