KAFD awards 16-story hotel fitout contract to SAUDICO and ALEC FITOUT JV 

The deal struck involves a hotel set to feature 210 rooms. Supplied
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Updated 15 February 2024
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KAFD awards 16-story hotel fitout contract to SAUDICO and ALEC FITOUT JV 

RIYADH: Saudi Arabia’s King Abdullah Financial District’s newest hospitality destination gets a boost with a contract awarded to a joint venture for full fitout design and implementation.

The JV of Saudi Constructioneers Ltd., also known as SAUDICO, and ALEC FITOUT has been entrusted with all aspects of the fitout design, completion, and implementation for the new 16-story hotel. 

This includes overseeing civil and structural works, furnishings, mechanical, electrical and plumbing, as well as sanitaryware and accessories. 

Additionally, the project encompasses lift interiors, kitchen and laundry equipment, along with certain landscaping, hardscaping, and facade works. 

Gautam Sashittal, CEO of KAFD Development and Management Co., said: “With yet another state-of-the-art marvel emerging in our iconic district, it was only natural for us to partner with SAUDICO and ALEC FITOUT given their track record in delivering aesthetically pleasing and sustainable projects across the Kingdom and the GCC (Gulf Cooperation Council).”

The hotel, featuring 210 rooms, has a built-up area of 26,500 sq. m.

He added: “With a targeted tourist inflow of 150 million visitors by 2030, Saudi Arabia is all set to showcase its authentic history and hospitality through world-class destinations featuring the finest of facilities and experiences.”  

SAUDICO and ALEC FITOUT’s contract follows their recent accomplishment with the Diriyah Gate Visitor Centre.

It offers business leaders, tourists, social media influencers, and potential investors a presentation of the experiences and investment prospects within the broader Diriyah Gate Development site.

“This is a testament to the expertise we have developed in reliably delivering awe-inspiring, high-quality fitouts within tight timeframes, and on budget,” Laurent Farge, managing director of ALEC FITOUT, said.

On the sidelines of the Public Investment Fund’s Private Sector Forum in Riyadh, which was held Feb. 6-7, KAFD announced a series of partnerships and collaborations.

The alliances emphasize KAFD’s commitment to enhancing the development and experience of the district as a world-class business and lifestyle destination.

The forum witnessed KAFD awarding several major contracts for five industry-leading private enterprises across diverse sectors, from construction to hospitality and technology solutions.


Qualitative leaps and record numbers are leading the Kingdom’s fisheries sector toward global leadership: vice minister 

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Qualitative leaps and record numbers are leading the Kingdom’s fisheries sector toward global leadership: vice minister 

RIYADH: His Excellency the Vice Minister of Environment, Water and Agriculture, Engineer Mansour bin Hilal Al-Mushaiti, affirmed that the fisheries sector in the Kingdom has achieved qualitative accomplishments and record figures, with aquaculture production exceeding 192,000 tonnes.

This comes alongside the implementation of more than 410 projects in marine and inland waters, in addition to the export of approximately 59,000 tonnes of fishery products to more than 35 countries around the world, with a value exceeding SR1.3 billion ($346.66 million).

This was stated during His Excellency’s opening of the activities of the fifth edition of the Saudi International Marine Exhibition and Conference at the Riyadh International Convention and Exhibition Center, amid broad local and international attendance reflecting the exhibition’s growing stature as a regional and global specialized platform for the sector.

He stressed that the exhibition is no longer merely an event, but has become a global meeting platform, a growth driver, and a showcase reflecting the Kingdom’s leadership in the fisheries sector regionally and internationally.

He also underlined that this development is the result of the work of an integrated system that includes strategic planning, the development of policies and regulations, investor stimulation, and the capacity building of fishermen and practitioners.

These efforts have been led by the Ministry of Environment, Water and Agriculture, represented by the National Program for the Development of the Livestock and Fisheries Sector. They also include qualitative initiatives to support fishermen, regulate fishing activities, and develop port, transport, processing, and marketing services, positioning the Kingdom among advanced countries in the fisheries sector.

The vice minister of environment, water and agriculture also witnessed the signing of 13 memoranda, cooperation agreements, and investment contracts between a number of local and international entities, with an estimated value exceeding SR316 million.

These aim to develop investment opportunities in the fisheries sector, enhance the growth of local fishery exports to global markets, support fish and algae processing industries, and increase production efficiency to achieve food security and economic growth in line with the objectives of Saudi Vision 2030.

The exhibition, which runs for three days, is witnessing the participation of more than 30 countries and 120 exhibitors, and is expected to attract 15,000 visitors from various segments.

The event’s activities include 20 workshops in which 3,500 international and local investors and businesspeople are participating, in addition to 25 global speakers and experts.

Several countries are participating in the gathering, including China, Korea, Russia, and Norway, as well as  Spain, France, and Germany, alongside the Food and Agriculture Organization of the UN.

This presence reflects the diversity of international expertise and the depth of global interest in the fisheries and aquaculture sector.

At the conclusion of the ceremony, His Excellency toured the exhibition pavilions, reviewed prominent modern technologies and solutions in the fields of fisheries and aquaculture, and listened to exhibitors’ explanations of the latest innovations, products, and services. He stressed the importance of such exhibitions in transferring knowledge, supporting investment, and enhancing the competitiveness of the fisheries sector in the Kingdom.