Modon Properties awards Dh2.37bn of Riyadh City South contracts
National Projects and Construction, The Nael & Bin Harmal Hydroexport Establishment and Saif Bin Darwish Company secure deals
Modon Properties awarded three infrastructure contracts worth a combined Dh2.37 billion for its Riyadh City South project.
The infrastructure contracts for phases two and five of Riyadh City South, have been awarded to National Projects and Construction, The Nael & Bin Harmal Hydroexport Establishment and Saif Bin Darwish Company.
“The awarded contracts will cover infrastructure works in phase two and phase five of Riyadh City South, providing infrastructure works for over 6,000 plots that will cover 18 million square metres of land, with phase two being 8.9 million square metres in size, and phase five being 9.9 million square metres,” said Sulaiman Al Siksek, deputy chief executive of Modon.
The Riyadh City project is being built 30 kilometres from the UAE capital.
This is the second round of infrastructure contracts to have been awarded by Modon, with preliminary works being awarded in July last year and the first phase of contracts awarded in September.
Awards for phases three and four are expected to be made in the second half of this year and Modon aims to complete all the infrastructure works for Riyadh City South by the end of 2023, it said in a statement.
In total, the infrastructure works will include more than 6,000 residential plots, a university, five schools, two nurseries, four health centres, 28 mosques, 61 commercial plots, three civil defence centres, five fuel stations, four government facilities plots and three social services centres.
Updated: February 25, 2020 08:16 PM