Rayadah Investment Company (RIC) has selected Canada’s SNC Lavalin and the local Saudi Tabreed to install a district cooling system at King Abdullah Financial District on the outskirts of Riyadh.

RIC, which is owned by the Saudi Public Pension Agency, awarded the design, build and operate contract.

As part of the contract, the companies are responsible for the design and construction of two district cooling plants, each with a capacity of 50,000 refrigeration tonnes (176MW).

Construction of the main civil works is scheduled to commence in the third quarter of 2010. The completion date is expected in July 2012.

SNC Lavalin was previously awarded another district cooling contract in Saudi Arabia and also partnered Tabreed’s Bahrain subsidiary for another project in Bahrain

The Bahrian facility serves Bahrain Financial Harbour, a waterfront development on reclaimed land, which will have commercial and residential units. The development covers an area of 380,000 square metres.