Press Release

Qiddiya Awards Contract for Construction of On-Site Offices

10/07/2019

Temporary buildings to house development team

Riyadh, KSA, 10 July 2019-- Qiddiya Investment Company (QIC), the entity leading the development of the Kingdom’s capital of entertainment, sports, culture and the arts, has started the process of building offices on-site as the development of the destination gets underway.

QIC has signed a contract with DuBox, a member of Amana Group, after the successful completion of a competitive bid process, to build a 2,000-square meter building on the Qiddiya site, which is located 30 minutes from Riyadh.

“Having announced our master plan this month, we are taking rapid next steps to begin construction of our on-site offices. We are delighted to be working with an esteemed regional company like Amana and look forward to seeing our site offices progress,” said Michael Reininger, Chief Executive Officer of Qiddiya Investment Company.

With a capacity of 100 people, the building will act as temporary office space while Qiddiya is being constructed, allowing the project’s development team to have a base on site as well as in Qiddiya’s city centre HQ. The offices will feature modern amenities and will be designed in line with Qiddiya’s environmental and sustainability principles.

 “85% of the concrete building will be manufactured, in a concrete volumetric modular fully finished units, offsite at DuBox factory. Building will be fully fitted-out and furnished, ready for occupancy within a period of 180 days. Amana/DuBox thanks QIC for the opportunity to assist QIC in its environmental and sustainability initiative.” Said Chebel Bsaibes, Chairman of Amana Group.

  • END

About Qiddiya Investment Company:

The Qiddiya Investment Company (QIC) was incorporated on May 10, 2018, as a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia. QIC will drive the development of Qiddiya, the Kingdom of Saudi Arabia’s pre-eminent multifaceted entertainment destination, home of inspiration, discovery and engagement.

Announced by His Royal Highness Mohammad bin Salman, Crown Prince, Deputy Prime Minister, and Chairman of the Council of Economic and Development Affairs and of PIF, on April 7, 2017, Qiddiya is a transformational project that will be built 40km from downtown Riyadh, with a total area of 334 sq.km.

Visitors will enjoy access to a range of diverse activities and services across five innovatively designed cornerstones: Sports & Wellness; Nature & Environment; Parks & Attractions; Motion & Mobility; and Arts & Culture. The development of these areas will give rise to: high-end theme parks; water and snow-based activities; numerous sports arenas capable of hosting international competitions and world-class training academies; race tracks for motorsport enthusiasts; outdoor and adventure activities alongside nature and environment experiences; and an array of historical, cultural and educational activities and events. Qiddiya will also include a variety of real estate options and community services.

A core element of the Kingdom’s Vision 2030, Qiddiya will unlock tremendous opportunity, enabling economic diversification, while enhancing the quality of life for Saudi citizens.

The project broke ground on April 28, 2018 and phase one is set to open in 2022. A three-phased approach is currently underway for the entire project. 2019 will see the launch of the Visitor Experience Centre, the reveal of the masterplan as well as the start of construction for phase one.

Twitter: @Qiddiya

Website: www.qiddiya.com

LinkedIn: https://www.linkedin.com/company/qiddiya-investment-company/