A consortium of contractors has won a contract worth SAR 3 billion (US$800 million) to build the first phase of the Port of NEOM in Saudi Arabia. NEOM is a special economic zone in the north west of Saudi Arabia, for which multiple ambitious construction projects are planned, including a 170km-long linear city called THE LINE. Belgian contractor Besix and Boskalis have become the first European contractors to win a design and build lump sum contract with NEOM, to build the first phase of the region’s port. Work will involve dredging and construction of quay walls.
Besix described the contract value as “approaching SAR 3 billion”. Three billion Saudi riyals is equivalent to about $800m. NEOM said the award made Besix and Boskalis the first European contractors to win a design-and-build lump sum contract worth more than SAR 2 billion in the NEOM scheme.
“The Port of NEOM will be pivotal to the continued commercial competitiveness, economic diversification and maritime trade ambitions of the Kingdom,” NEOM CEO Nadhmi Al Nasr.
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