Modon awards new infra contracts for Riyadh City project
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Abu Dhabi-based Modon Properties awarded three infrastructure development contracts worth SAR 2.42 billion (AED 2.37 billion) for its Riyadh City South project, the developer said in a statement.
The contracts were awarded to National Projects and Construction, The Nael & Bin Harmal Hydroexport Establishment and Saif Bin Darwish Company.
The awarded contracts will cover infrastructure works in phase two and phase five of Riyadh City South, providing infrastructure works for over 6,000 plots that will cover 18 million square metres of land, Sulaiman Al Siksek, deputy chief executive of Modon.
The project, which is being built in co-operation with Abu Dhabi Housing Authority, covers a range of facilities, including parks, schools, shops, mosques, health care and community centers.
Awards for phases three and four are expected to be made in the second half of this year and Modon aims to complete all the infrastructure works for Riyadh City South by the end of 2023, the statement added.