Italy-based construction and civil engineering business, Salini Impregilo, has won a major housing project contract from Saudi Arabia National Guard.
The project comprises housing and urban planning on a large scale with the construction of 6,000 villas in an area covering 700ha to the east of Riyadh, said the company in a statement.
It will have a main road running more than 160km-long with secondary routes and related services, a sewage treatment plant and waters above and below ground. The contract is expected to be completed in five years.
This contract strengthens Salini Impregilo’s role in the building and transport sectors of Saudi Arabia, which is seen investing $88bn in infrastructure in the next five years, it stated.
Salini Impregilo is one among the foreign infrastructure groups with the biggest portfolio of contracts by value for large, complex projects in the region, said the company in a statement.