Saudi Arabia’s Diriyah invites bids for Wadi Safar hotel project

 

Saudi Arabia’s Diriyah issues tender for construction of hotel and residences in Wadi Safar  

Saudi gigaproject developer Diriyah Company has issued a tender for the construction of a Montage hotel and branded residential units within the Wadi Safar masterplan at the Diriyah development.

The project includes a 200-key hotel and 30 branded residences. The tender was released earlier this month, with bid submissions due by January 12.

Dubai-based SSH has been appointed as lead designer and supervision consultant, while UK-based Turner & Townsend is serving as the project management consultant.

 

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Wadi Safar was among the first developments announced as part of the wider Diriyah project. The mixed-use destination features residential communities, farm plots, hotels, branded villas, a golf course, an equestrian and polo club, along with a range of leisure and entertainment facilities. Construction is already under way on several assets within the development.

In July last year, Diriyah Company awarded an estimated SR8 billion ($2 billion) contract to a joint venture between local contractor Albawani and Qatar’s Urbacon Trading & Contracting to deliver multiple Wadi Safar assets. These include the Aman Wadi Safar hotel and residences, Six Senses hotel, Chedi hotel and residences, Faena hotel and residences, the Royal Diriyah Equestrian & Polo Club (excluding enabling works), the North and South Fairways retail facilities and mosque, and the Grove retail facilities, mosque and clinics.

So far this year, Diriyah Company has awarded main construction contracts valued at more than SR24 billion ($6.5 billion). In November, the developer announced two contracts worth over SR5.7 billion ($1.5 billion) on the sidelines of the Cityscape Global event in Riyadh.

 

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One contract, valued at around $800 million, was awarded to BEC Arabia Contracting Company for the construction of office buildings in Diriyah’s Media and Innovation District, including residential assets on the Manazel Al-Hadawi plots. The second contract, estimated at $900 million, was awarded to Almabani General Contractors for main construction works on King Khalid Road, including three interchanges linking the road to the northern and western ring roads.

The Diriyah masterplan aims to establish the city as a leading cultural and lifestyle tourism destination. Located northwest of central Riyadh, the development will span 14 square kilometres and blend 300 years of heritage with modern hospitality and lifestyle offerings.

Source: Meed