Major Construction Continues at Qiddiya as New Contract Ramps Up Activity

Experienced Saudi firm to lead site preparation for Kingdom’s home of entertainment, sports and the arts

RIYADH, 02 February, 2020: The Qiddiya Investment Company (QIC) has kickstarted 2020 by awarding the first construction contract of the year to a major Saudi company, as building continues at the Qiddiya site.

“As Qiddiya strives ahead with its construction execution we are delighted to begin the mass grading and site preparation of our two anchor development nodes: the Resort Core & the City Centre,’ said Michael Reininger, Chief Executive Officer of QIC. ‘This is the first of many announcements for 2020 and we are proud to partner with a long-standing Saudi firm, the Abdul Ali Al Ajmi Company for this significant milestone’.

The start of the 12-month project will include the landscaping of 7 million cubic meters of earth to ensure the site preparation of a combined area of more than 4 million square meters. This will require upwards of 500 pieces of major earthmoving equipment to grade and develop the plots, in addition to 4,000 tons of steel and 30,000 cubic meters of concrete for storm water management so that the area is ready for the next stage of development.

Ali Abdul Ali Al-Ajmi, the Chairman of the Abdul Ali Al Ajmi Company, added: ‘As a Saudi company, it is an honor to be part of this unique project as Qiddiya’s partner. Over the last forty years we have a demonstrated history of providing our clients with superior excavation, material transport, site preparation and development and so we look forward to using these skills to help Qiddiya achieve their vision.”

Since its establishment in 1980, Abdul Ali Al-Ajmi has been recognized as a major road construction company throughout the Kingdom of Saudi Arabia. The company has specialized in the construction and maintenance of roads and bridges, infrastructure, site preparation works, real estate development and road transport services.

Set to become the Kingdom’s capital of entertainment, sports and the arts, Qiddiya is located on the doorstep of Riyadh and as one of Saudi Arabia’s giga projects will directly employ approximately 17,000 people by 2023.

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About Qiddiya Investment Company:

Qiddiya Investment Company (QIC) is driving the development of Qiddiya Saudi Arabia’s Capital of Entertainment, Sports and the Arts. As a core tenet of Vision 2030, Qiddiya has a dual economic and social purpose: to advance economic diversification and unlock new professional pathways while enriching lives of youth in the Kingdom.

His Royal Highness Mohammad bin Salman, Crown Prince, Deputy Prime Minister, and Chairman of the Council of Economic and Development Affairs and of the Public Investment Fund (PIF), announced the project on April 7, 2017. Ground-Breaking took place on April 28, 2018 and the company, Qiddiya Investment Company (QIC), was incorporated as a closed joint-stock company wholly owned by PIF on May 10, 2018. 

2019 achievements included approval of the Master Plan, release of the design of Six Flags Qiddiya, and start of phase one construction, including establishing our on-site offices and the launch of the on-site Welcome Centre.

Qiddiya is located south-west of Riyadh on a site that spans 334 Phase one is set to open in 2023.

Visitors will enjoy activities across five cornerstones: Sports & Wellness; Nature & Environment; Parks & Attractions; Motion & Mobility; and Arts & Culture. Development of these areas will give rise to family-friendly theme parks; sports arenas suitable for international competitions; academies for sports and the arts; concert and entertainment venues; racetracks for motorsport enthusiasts; outdoor and adventure activities alongside nature and environment experiences; and historical, cultural and educational activities. Qiddiya will also include a variety of real estate options and community services.


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