Firms prepare bids for Aramco’s petroleum institute project

24 December 2009

Development is part of $60bn investment programme

National oil company Saudi Aramco has invited selected contractors to submit bids by 27 February for the contract to build a residential complex at the King Abdullah Petroleum Studies & Research Centre in Riyadh.

The prospective bidders include the local Al-Yamama Company for Trading & Contracting, Turkey’s Baytur, Dubai-listed Drake & Scull International, the local El-Seif Engineering & Contracting, the local Nesma & Partners Contracting Company, South Korea’s Hyundai Engineering & Construction, Saudi Oger, and South Korea’s SK Engineering & Construction. 

The complex will cover an area of 466,000 square metres. Aramco will award the job as a lump-sum contract.

Aramco launched the project in March 2009 as part of a $60bn investment programme. This includes the development of offshore and onshore production facilities.

Aramco will build the complex 8 kilometres south of King Khalid International airport.

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