BE2C2 Report – Italy’s Salini Impregilo has won a $300m contract to refurbish the Al Faisaliah Mall, which is part of the 44-storey Al Faisaliah Center with its iconic skyscraper in central Riyadh.
The Al Faisaliah District Redevelopment Project by Al Khozama Management Company includes renovation and expansion of the Al Faisaliah Mall, a 25-storey hotel building, as well as demolishing the adjacent Seyahiah buildings to make way for the construction of an extension to the existing retail complex.
The mall will be remodeled and upgraded section by section to ensure that it remains open to public throughout the period of the work, which is expected to be completed in 16 months.
The entire project, including the extension, will be finished in three years.
Salini has been involved on a number of projects in the Kingdom, including Line 3, the longest line at 42km, of the $23 billion Riyadh Metro — scheduled to open in 2019.
In March, Salini also signed a $435m contract to build another retail development in the region: the Meydan One Mall by the Meydan Group.
The Italian company is a leading global infrastructure player, and other projects in its regional portfolio include the Strategic Tunnel Enhancement Program (STEP) and Sheikh Zayed Grand Mosque in Abu Dhabi.
Globally, it has recently worked on the Panama Canal expansion, the Grand Ethiopian Renaissance Dam in Ethiopia, the Cityringen metro in Copenhagen and the Gerald Desmond Bridge in California.