SR 499 million deal for industrial city - Sat Mar 23 22:43:07 2013
23 Mar 2013 10:43 GMT
 

The Ministry of Commerce and Industry has signed a contract worth SR 499 million with a national company to develop the second phase of the industrial city in Kharj, south of Riyadh, the Saudi Press Agency reported.

The Ministry of Commerce and Industry has signed a contract worth SR 499 million with a national company to develop the second phase of the industrial city in Kharj, south of Riyadh, the Saudi Press Agency reported.
The deal, signed by the Minister of Commerce and Industry and head of Saudi Industrial Property Authority (MODON) Tawfiq Al-Rabiah, aims to expand the industrial area with a series of infrastructure projects in an area of 5 million square meters.
The contract, to be implemented in 30 months, will also support the ongoing phase of the project being carried out over an area of 7.5 million square meters. The scope of work includes construction of water, sewage, floods disposal and telecom networks, the SPA said.
Meanwhile, MODON is carrying out a number of projects in support of the Kharj industrial city including a 132-KV power plant, which is now 95 percent complete, 132-KV overhead power lines and 13.8-KV distribution networks where work is 50 percent and 70 percent complete respectively.
The industrial city of Kharj is considered the fastest growing industrial city in the Kingdom where a number of industries are being implemented including building material, oil refineries, asphalt, iron, pottery tubes and plastics.

Reproduced with permission from Arab News



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