Saudi Aramco has awarded Turkey’s Kolin Construction an estimated $300m construction contract for work on a housing project in the Eastern Province.
The contract covers the site development of increment 2 (Packages 1&2) for the South Dhahran Home Ownership Programme (SDHOP), which is known as Ajyal. Work on the contract started in late July and the duration is 1,430 days.
According to regional projects tracker MEED Projects the entire SDHOP has a budgeted value of $5.5bn.
It is located 8 kilometres southwest of Saudi Aramco’s Dhahran headquarters. It is expected to be completed in 2020 and will provide 2,400 villas for Aramco employees.
There have been several major contract awards for construction work on the development. In 2016, the local Azmeel Contracting and Sinohydro Corporation Company were awarded a contract to build the 791 housing units at Ajyal.
In 2015, Aramco awarded Azmeel an estimated $510m for the construction of 955 villas, a mosque, two schools and related infrastructure work.
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