The local El-Seif Engineering & Contracting has secured the first phase contract for infrastructure work on the Information Technology & Communications Complex (ITCC) in Riyadh.
The deal is worth SR243m ($64m) and the work is scheduled to take 16 months to complete. Saudi Arabia’s Public Pension Agency (PPA) is the client.
Located in the Nakheel district of Riyadh, the ITCC site covers 800,400 square metres and will be dedicated to technology companies (MEED 2:3:08).
The local Al-Harbi was the other company in final stage negotiations with the client.
It is hoped the ITCC will enhance the development of the IT and telecoms sectors in the kingdom and increase job opportunities for local nationals.
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