Close Menu
Business DunesBusiness Dunes

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Startup Wrap: Saudi Arabia leads MENA startup funding in H1 with $1.34bn raised

    August 3, 2025

    Diriyah Co. awards $1.13bn contract for King Saud University relocation

    August 3, 2025

    Saudis to get more leadership roles as PepsiCo expands, says regional CEO

    August 3, 2025
    Facebook X (Twitter) LinkedIn
    Business DunesBusiness Dunes
    • Home
    • About Us
    • Magazines
    • Interviews
    • Business News
      • Startups
      • Energy
      • Finance
      • Construction
    • Contact Us
    Subscribe
    Business DunesBusiness Dunes
    You are at:Home»GIGA Projects»Diriyah Co. awards $1.13bn contract for King Saud University relocation
    GIGA Projects

    Diriyah Co. awards $1.13bn contract for King Saud University relocation

    Business DunesBy Business DunesAugust 3, 2025No Comments2 Mins Read

    JEDDAH: Saudi Arabia’s Diriyah Co. has awarded a SR4.22 billion ($1.13 billion) construction contract to relocate King Saud University’s utilities and administration offices, advancing infrastructure development in one of the Kingdom’s flagship urban projects. 

    The project was given to a joint venture between China Railway Construction Corp.’s Saudi branch and China Railway Construction Group Central Plain Construction Co., according to a press release. 

    Part of the Public Investment Fund’s giga-project portfolio, the Diriyah development is a 14 sq. km mixed-use district poised to house nearly 100,000 residents and provide office space for tens of thousands of professionals across the technology, media, arts, and education sectors. 

    Once complete, it is expected to generate 178,000 jobs, attract nearly 50 million annual visitors, and contribute SR70 billion to Saudi Arabia’s gross domestic product. 

    Jerry Inzerillo, group CEO of Diriyah Co., said: “We are delighted to announce this major contract to support King Saud University, whose campus adjoins the Diriyah development area.” 

    He emphasized that the agreement represents a significant step in furthering efforts to enhance both educational and infrastructural excellence in the Kingdom. 

    “We are proud to support one of the Kingdom’s leading academic institutions in delivering enhanced infrastructure services that will benefit both its students and the broader university community,” Inzerillo said. 

    The contract includes the design and construction of several critical infrastructure components. These include a district cooling plant, water storage facilities, and a sewage treatment plant, as well as an LPG/SNG plant and a diesel pumping station. 

    The scope also covers a utility tunnel, irrigation tanks, office buildings, warehouses, and maintenance workshops. 

    Li Chongyang, chairman of China Railway Construction International Group, said the project reflects the firm’s commitment to delivering world-class infrastructure to the highest standards. 

    “We look forward to contributing to the success of this iconic project and supporting the continued growth of King Saud University,” he said. 

    This latest award brings the total value of contracts issued by Diriyah Co. in 2025 to over $2.9 billion, as the area undergoes rapid transformation into a global destination aligned with Vision 2030.

    Follow on X (Twitter) Follow on LinkedIn
    Share. Facebook Twitter LinkedIn Email
    Business Dunes
    • Website
    • LinkedIn

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    ACWA Power-led consortium signs $8.3bn deals for massive renewable energy push

    13

    Rabbit’s quick commerce model takes off in Saudi Arabia.

    11

    A reliable financier of Kuwait’s development projects

    11

    MENA firms raise $180m in 7-day funding blitz

    10
    Don't Miss
    Startups

    Startup Wrap: Saudi Arabia leads MENA startup funding in H1 with $1.34bn raised

    RIYADH: Saudi Arabia emerged as the Middle East and North Africa’s top-funded startup market in…

    Diriyah Co. awards $1.13bn contract for King Saud University relocation

    August 3, 2025

    Saudis to get more leadership roles as PepsiCo expands, says regional CEO

    August 3, 2025

    Saudi Aramco working toward reducing the risks of metal corrosion: top official

    August 2, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us

    Business Dunes is a premier publishing company dedicated to delivering insightful, authoritative, and timely business content tailored for the dynamic markets of Saudi Arabia and the Gulf region.

    Email Us: info@businessdunes.com

    X (Twitter) LinkedIn
    Our Picks

    Startup Wrap: Saudi Arabia leads MENA startup funding in H1 with $1.34bn raised

    August 3, 2025
    © 2025 All Rights Reserved By Business Dunes
    • Home
    • Interviews
    • Business
      • Energy
      • Oil & Gas
      • Finance
    • Get In Touch
    • Our Policy

    Type above and press Enter to search. Press Esc to cancel.