Saudi Arabia’s Qiddiya awards 700m riyal contract at Riyadh mega-project

Saudi Arabia’s Qiddiya Investment Company, backed by the kingdom's sovereign wealth fund, awarded an infrastructure contract worth 700 million Saudi riyals (Dh685.5m) as it looks to speed up the construction of a mega entertainment and sports project near the capital, Riyadh.

The contract was awarded to Saudi Arabia-based Shibh Al Jazira Contracting Company (SAJCO) for work related to roads and bridges, Qiddiya said in a statement on Monday.

“Although 2020 has presented some unprecedented circumstances, Qiddiya has proudly sustained a 'business as usual' protocol, signing our second major construction contract with SAJCO and achieving yet another major construction milestone for this year,” Michael Reininger, chief executive of Qiddiya, said.

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