The Saudi-Arabia based Al Fouzan Trading and General Construction Company has been awarded the contract for finishing the infrastructure work of Jeddah Economic City and Jeddah Tower by the Kingdom Holding Company.
In his comment on the contract, Engineer Talal Al Maiman, CEO of Kingdom Holding Company and board member of Jeddah Economic City said that the contract is one of the largest infrastructure contracts that have ever been awarded to the private sector in the history of the Kingdom of Saudi Arabia. Al Maiman added that this contract will open the doors for more investments in the project.
On the other hand, Mounib Hammoud, the CEO of Jeddah Economic City explained that the advanced infrastructure is a critical step to brand the new city as a global project.
In addition to Jeddah Tower which will be the world’s tallest building upon its completion with a height that exceeds the 1,000 meters’ mark, Jeddah Economic City will also comprise a mixed-use environment, residential units, recreational areas, a business center, and world class shopping destinations and marketplaces. The city aims at providing thousands of job opportunities for the young Saudi Arabian youth.