Qiddiya awards SR10bn in contracts to help construct Riyadh mega project

At least SAR10 billion worth of contracts will awarded to various companies to speed up the construction of a mega entertainment and sports project in the Saudi capital Riyadh, the Qiddiya Investment Company announced on Thursday. (QIC/File Photo)
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Updated 02 July 2020
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Qiddiya awards SR10bn in contracts to help construct Riyadh mega project

  • The funding will be backed by the Kingdom's Public Investment Fund

RIYADH: At least SR10 billion ($2.66 billion) worth of contracts will be awarded to various companies to speed up the construction of a mega entertainment and sports project in the Saudi capital Riyadh, the Qiddiya Investment Company announced on Thursday.

The funding will be backed by the Kingdom's Public Investment Fund.

The Qiddiya project includes a number of art, entertainment and sporting facilities, and is being built on a 334 square-kilometre site close to Riyadh.

Its construction forms part of Saudi Arabia’s Vision 2030 program that aims to diversify the Kingdom’s economy.

“We’ve awarded well over 1 billion riyal in contracts so far and that figure is going to jump, maybe ten times to 10 billion riyals, which will all be construction related contracts,” Michael Reininger, chief executive told The National.


Saudi project clears 2,108 explosive devices in Yemen

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Saudi project clears 2,108 explosive devices in Yemen

  • Ousama Al-Gosaibi, Project Masam’s managing director, said the initiative had cleared a total of 534,813 mines since it began in 2018

RIYADH: Members of Saudi Arabia’s Project Masam removed 2,108 explosive devices from various regions of Yemen last week.

The total included 2,000 unexploded ordnances, 75 anti-tank mines, 31 anti-personnel mines and two improvised explosive devices, according to a recent report.

The explosives were planted indiscriminately and posed a threat to civilians, including children, women and the elderly.

The demining operations took place in Marib, Aden, Jouf, Shabwa, Taiz, Hodeidah, Lahij, Sanaa, Al-Bayda, Al-Dhale and Saada.

Ousama Al-Gosaibi, Project Masam’s managing director, said the initiative had cleared a total of 534,813 mines since it began in 2018.

Teams are tasked with clearing villages, roads and schools to facilitate the safe movement of civilians and delivery of humanitarian aid.

The project trains local demining engineers, provides them with modern equipment, and offers support to Yemenis injured by the devices.