Development has progressed rapidly in 2021. Our Construction Village to house 10,000 workers is complete. Our international airport on track to open by end of 2022. Enabling infrastructure - such as roads, jetties and bridges - are well underway. Our Coastal Village, to house 14,000 staff operating the destination, is on course for completion later in the year.
2020 was a huge year of progress for us. We made great strides towards completing our enabling infrastructure and by end of year had awarded more than 500 contracts worth nearly SAR 15 billion ($4bn).
Round Up
Major contracts were awarded in 2019 in our journey to meeting our targeted phase 1 completion date of 2022. In the space of one week, we awarded four contracts collectively worth SAR 1 billion ($266M) to Archirodon (enabling marine infrastructure), Saudi Group Al Majal Al Arabi (5,000 units of Construction Village), an ARCCO-Speed House joint venture (another 5,000 units of Construction Village) and Saudi Amana Contracting (management hotel).
This was soon followed by contract awards for the development of Coastal Village residential area to Al Majal Al Arabi, Coastal Village ground-work improvement to HUTA Hegerfeld and Saudi Consulting Services (Saudconsult), the design for the destination’s international airport to Foster + Partners, the construction of the coastal and inland connecting road links at the destination to leading Saudi Arabian contractor Binyah and the supply of structural low-carbon concrete to AlFalah Ready Mix.