Qiddiya Investment Company (QIC) has awarded local contractor Abdul Mohsen al-Tamimi Partner Group a contract for the early works on the Qiddiya Coast project, located north of Jeddah.
The contract is valued at about SR1bn ($266m).
The site is located 64 kilometres (km) north of the Jeddah corniche, 12km from Highway 5, and is adjacent to the Durrat al-Arus resort.
The tender for the main contract was issued in January. The bid submission date was initially 30 January, but the deadline was later extended to 5 April after the client issued a tender addendum.
The bidders for the project included:
- Mofarreh Alharbi & Partners
- Abdul Mohsen al-Tamimi Partner Group
- Saudi Pan Kingdom
- Al-Yamama Company
Canadian company WSP is working as a consultant on the project, which is expected to be completed by December 2025.
In March, MEED reported that the consultants were preparing to bid for a contract to design infrastructure for the Qiddiya Coast project.
The project is the latest development on the Red Sea coast to make progress. Other major planned projects include The Red Sea Project, Amaala and King Salman Bay.
The Qiddiya Coast project will be built on a headland to the north of Jeddah and is expected to include assets such as water parks, hotels, apartment buildings and villas. The selected consultant will be responsible for designing infrastructure such as roads, drainage and utilities networks.
US-based HKS has worked on the masterplan with other consultants, including Singapore-based Meinhardt.
Qiddiya is also developing a 223 square-kilometre entertainment city to the north of Riyadh. The project includes a Six Flags theme park, a water park, a racetrack for motorsports and several sports stadiums.
Major contracts awarded for construction work on the entertainment city project include a SR2.8bn ($747m) deal won by a joint venture of the local El-Seif and Dubai-based Alec for the waterpark and a SR3.75bn order secured by a joint venture of the local Al-Mabani and France’s Bouygues Batiment for the Six Flags theme park.
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