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Qiddiya awards $82m tennis centre construction contract
- Award defies renewed Houthi attacks
- Venue targets elite international sport
- PIF seeks greater private investment
Saudi Arabia’s Qiddiya development has awarded a construction contract for its flagship tennis centre despite escalating Houthi attacks on sites across the kingdom, particularly in the capital Riyadh.
The award comes as renewed attacks raise concerns about construction schedules and investor confidence in Saudi Arabia.
A subsidiary of Advanced Building Industries Company (Senaat) has won a SAR308 million ($82 million) contract to fabricate and install steel structures and external facades for the National Tennis Centre, the company said in a statement to the Saudi bourse.
The announcement comes despite the Houthis targeting Saudi energy and civil infrastructure. As a result, Saudi Arabia has postponed the 10th edition of its flagship Future Investment Initiative (FII) summit.
Qiddiya Investment Company announced plans in June to build the National Tennis Centre within the giga-project located 45km west of Riyadh.
Designed by US-based sports designer Populous, the centre will be built to ATP, WTA and ITF standards, with 30 courts – 28 hard courts and two clay courts.
The centre court, with a retractable roof, will have a capacity of 15,000, with total capacity across all courts reaching 33,000.
The contract was awarded to Zamil Structural Steel from a consortium comprising Bouygues Bâtiment International (Saudi Arabia branch) and Almabani General Contractors, the statement said. The contract has a 19-month duration.
Qiddiya City is already home to Six Flags, the Middle East’s largest theme park, and Aquarabia, the Middle East’s largest water park.
Further reading:
- Air defence bill may force Vision 2030 rethink, experts say
- Qiddiya targets elite tennis circuits with 30-court centre
- Saudi giga-project slowdown frees contractors for Expo
The Saudi Public Investment Fund, the $900 billion sovereign wealth fund that oversees the country’s largest projects under the Vision 2030 development strategy, cut spending on so-called giga-projects last year.
The fund has said it wants to increase private sector investment in Vision 2030 projects.
GCC countries awarded contracts worth just over $200 billion between January and September, up 2.5 percent from a year earlier, Kamco Invest said in a quarterly update drawing on data from MEED Projects.
In Saudi Arabia, contractor awards jumped 82 percent year on year in the first half, Saudi Contractors Authority platform SCAVO said in September. The kingdom awarded more than $24 billion in the third quarter, half the Gulf total.
Source: AGBI