The Public Pensions Agency (PPA) has awarded three site supervision contracts for building projects within King Abdullah Financial District (KAFD) in Riyadh.
Three local firms, Omrania & Associates, Dar al-Riyadh and Zuhair Fayez Partnership Consultants were awarded the work for four packages covering 10 plots within the KAFD site.
Omrania is carrying out site supervision for Saudi Oger’s SR1.4bn design-and-build contract. Dar al-Riyadh is site supervisor for the SR1.3bn El-Seif Engineering & Contracting Company contract and the SE1.6bn Saudi Binladin Group. Zuhair Fayez Partnership Consultants is site supervisor for the SR1.1bn SaudiConstructioneers contract.
The projects cover the construction of 16 buildings.
Developed by the PPA the project originally had an estimated value of SR28bn ($7.5bn), but according to Waleed Aleisa, project manager at KAFD, this has since increased to SR36bn because of rises in construction and procurement costs (MEED 21:12:08).
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