Hochtief awarded Riyadh airport contract
Hochtief, the German construction group has said that it will take the technical and commercial lead in a $1.45 billion King Khaled International Airport expansion project in Riyadh, Saudi Arabia.
Hochtief will redesign, upgrade and expand two existing terminals, and demolish and refurbish other parts of the airport infrastructure in a joint venture with Shapoorji Pallonji Mideast L.L.C. and Nahdat Al Emaar, the company said in a statement.
Hochtief has 55% stake in the joint venture. The German contractor was awarded the deal by Saudi General Authority of Civil Aviation (GACA).
Apart from refurbishing and expanding the existing Terminals 3 and 4, the contract also involves the demolition and reconstruction of the aprons inclusive of apron lighting and fueling facilities.
Marcelino Fernández Verdes, CEO of Hochtief said: “We are delighted to have won this major contract.
“It reinforces our position as an important infrastructure construction group and shows that our international expertise and the know-how of our engineers in the area of complex, large-scale projects are greatly appreciated by our clients.”
Source: Construction Week Online