Salini Impregilo bids for projects
By Andy Brown09 May 2018
Italian-based construction contractor Salini Impregilo is looking to consolidate its presence in the Middle East by bidding for projects in Riyadh and Doha for a combined value of nearly $3 billion.
The Group has prequalified for the first phase of The Avenues project in Riyadh in Saudi Arabia for an estimated value of $1 billion. The Avenues consists of a complex with a shopping centre, two residential towers, two hotels and a tower for offices and health services. It would strengthen the Group’s involvement in the building and urban mobility sectors in Saudi Arabia where $88 billion of investments are set to be spent on infrastructure during the next five years.
Salini Impregilo is also looking to strengthen its presence in Qatar by taking part in the bidding for two projects in Doha. One is the extension of the Red Line of the city’s metro system, while the other is the extension of the Green Line. Together worth more than $2 billion, the projects belong to Qatar’s plan to promote sustainable mobility.
The company is already set to consign part of the Red Line North Underground, which runs for nearly 13km. It also is completing the Al Bayt stadium ahead of the 2022 World Cup to be hosted by Qatar.
Salini Impregilo has been present in the Gulf region for more than 50 years. The firm has taken part in some of the biggest projects in the region, such as the Kingdom Centre in Riyadh and the Sheikh Zayed Grand Mosque in Abu Dhabi.