Exclusive: AMAALA expects to award $319.9m in contracts in Q2 2022 ...United Arab Emirates

AMAALA, the Saudi Arabian megaproject being developed on the Red Sea coastline and managed by The Red Sea Development Company, has announced that in the first quarter of the year it awarded nearly $266.6 million in contracts for Triple Bay, spanning infrastructure and asset works, as well as the recently announced contract for the Employee Village. In an exclusive statement to MEConstructionNews.com, AMAALA said that the second quarter of the year would see a ramp up in operations, with an estimated $319.9 million set to be awarded. The developer added that around 70% of the total value awarded has gone to Saudi firms. Furthermore, the RFP for the utilities PPP has already been issued to the

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Last updated : 22 April 2022 clock 09:50 AM

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Exclusive: AMAALA expects to award $319.9m in contracts in Q2 2022 ...United Arab Emirates

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