Latest news with #Webuild
Zawya
12 hours ago
- Business
- Zawya
ANM consortium wins $900mln Riyadh Metro Line 2 extension contract
Saudi Arabia's Royal Commission for Riyadh City (RCRC) has awarded a major contract worth upto $900 million to the Arriyadh New Mobility Consortium to build the next phase of the Riyadh Metro project, which is the Line 2 extension, reported MEED. The consortium comprises global players including Italy's Webuild, India's Larsen & Toubro (L&T), Saudi group Nesma & Partners, Japan's Hitachi, Italy's Ansaldo STS, the Canadian firm Bombardier, Spain's Idom and WorleyParsons from Australia. The Riyadh Metro's first phase features six lines with 84 stations, while Line 2 extension is 8.4km long - of which 1.3km is elevated and 7.1km is underground. It includes five stations – two elevated and three underground. It will run from where Line 2 currently ends at King Saud University (KSU) and then travel onwards to new stations at KSU Medical City, KSU West, Diriyah East, Diriyah Central, where it interchanges with the planned Line 7, and then finally to Diriyah South. Riyadh Metro Transit Consultants (RMTC), a joint venture between the US-based firm Parsons and the French engineering firms Egis and Systra, is the project management and construction supervision consultant. RMTC had previously worked as a project management and construction supervision consultant on Lines 1, 2 and 3 of the Riyadh Metro scheme. Spanning 176km, the Riyadh Metro network is longest driverless metro line in the world featuring 85 transit stations and seven rail depots. It comprises six lines - Blue; Red; Orange; Yellow; Green and Purple. The RCRC completed the phased rollout of the Riyadh Metro network when it started operating the Orange Line in January. In December last year, the RCRC started operating the Red Line and Green Line. The Red Line, known as Line 2, stretches 25.1km from the east of Riyadh to the west, via King Abdullah Road, connecting King Fahd Sports City and King Saud University. It has a total of 15 stations, said the MEED report. The Green Line, also known as Line 5, extends 13.3km from King Abdullah Road to the National Museum. With 12 stations, it serves several ministries and government agencies, including the Defence Ministry, the Finance Ministry and the Commerce Ministry, as well as other areas. Earlier in December, the RCRC started operating the Blue Line (Line 1), Yellow Line (Line 4) and Purple Line (Line 6). Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
Saudi's Diriyah awards $1.53bln contract to Chinese contractor
Saudi's Diriyah Company has awarded a contract worth 5.75 billion Saudi riyals ($1.53 billion) to China Harbour Engineering Company for the construction works of the arena block, which includes Diriyah Arena, three mixed-use office buildings, and a parking facility. The arena has a gross floor area (GFA) of nearly 74,000 square metres (sqm) and is designed as a flexible and scalable venue to accommodate events such as concerts, sporting events, esports competitions, exhibitions, and live shows. The arena, designed by US architecture firm HKS, has a capacity of 20,000 spectators. Additionally, the work scope encompasses building three mixed-use office plots spanning an area of 114,000 sqm and developing over 4,000 parking spaces within the district. In December 2024, Diriyah awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavation works. On Monday, Diriyah had awarded a $600 million construction contract to Italian contractor Webuild for Diriyah Square. Backed by the Public Investment Fund (PIF), the Diriyah mega urban development is expected to contribute SAR 70 billion directly to Saudi Arabia's GDP, according to past statements. (Editing by Anoop Menon) (
Arab News
14-07-2025
- Business
- Arab News
Italian firm Webuild secures $600m contract as Diriyah project gains pace
JEDDAH: Saudi Arabia's Diriyah Square project has awarded a $600 million contract to Italian construction firm Webuild, marking a major step forward for the Kingdom's heritage-driven development. The contract, awarded to a subsidiary of the Italian group — Salini Saudi Arabia — covers the construction of 70 buildings and public spaces within the mixed-use development, which forms part of the broader Diriyah master plan. With this latest award, Webuild's total involvement in the sit, known as the City of Earth, now stands at roughly $2 billion, the company said in a statement. Diriyah Square is a central component of Diriyah Co.'s strategy to transform the historic district into a commercial, residential, and cultural hub. The project is one of five giga-projects backed by Saudi Arabia's Public Investment Fund, aimed at reshaping the Kingdom's economy and tourism offering under the Vision 2030 plan. Diriyah will contribute approximately SR70 billion ($18.6 billion) directly to the Kingdom's gross domestic product, create nearly 180,000 jobs and will be home to an estimated 100,000 people. Diriyah Co.'s group CEO Jerry Inzerillo said: 'Diriyah Square is one of our most exciting, anticipated and prestigious districts, and we are extremely pleased to have signed with Salini to deliver it, bringing their immense global experience to the table.' He added that this marks another important milestone in their development journey, paving the way for Diriyah Square's retail spaces to welcome a diverse range of visitors — from nearby residential communities and surrounding office hubs to the millions who visit each year. The contract covers Package 3 Finishing and mechanical, electrical, and plumbing, delivering a pedestrian-friendly environment in traditional Najdi style across 365,000 sq. meters. Webuild is also working on the 10,500-space underground parking facility, awarded in 2022 and currently 55 percent complete, alongside structural packages 3, 6, and 7. According to Diriyah Co., the project aims to create a retail district showcasing 400 brands across retail, leisure, and dining. In a statement released by Webuild, CEO Pietro Salini said: 'We are proud to be able to contribute to a project of such symbolic and strategic value for Saudi Arabia. Our presence in the Kingdom will be further strengthened by work that will have a positive impact on the area as well as the local community.' He added that the company has operated in Saudi Arabia since 1966 and has completed more than 90 projects. 'We continue to support the country to develop some of the most challenging infrastructure projects in the world, especially in sectors such as civil buildings, sustainable mobility, and desalination,' Salini said.
Zawya
14-07-2025
- Business
- Zawya
Italy's Webuild wins $600mln new contract for Diriyah Square
Diriyah Company, backed by the Public Investment Fund (PIF), has awarded a contract to Italian contractor Webuild for Diriyah Square in Saudi Arabia. The contract is valued at $600 million, Webuild said in a statement. The new contract, known as package 3 finishing and MEP, involves the construction of more than 70 buildings and public spaces designed in line with traditional Nadji architecture principles within Diriyah Square. The total area covered under the contract is 365,000 square metres. Webuild is already involved in the mega project, building an underground multi-story car park with a capacity of 10,500 vehicles. The contract was awarded in 2022 and is 55 per cent completed. Related structural works are part of packages 3, 6 and 7. The combined value of the projects awarded to Webuild by Diriyah Company has reached nearly $2 billion. The Italian contractor is engaged in various strategic projects in the Kingdom, such as the high-speed line, a system of three dams and a freshwater lake for Trojena. It is working on the urbanisation plan in Riyadh. (Editing by Anoop Menon) (
Miami Herald
08-06-2025
- Automotive
- Miami Herald
Italy's ‘Ultra Fast' Hyperloop Train Reaches Major Milestone
One of Italy's most ambitious transportation projects is set to begin testing after passing its feasibility study. The Hyper Transfer hyperloop project, on which research first began in 2013, will commence construction work on a test track in Veneto, spanning 10 kilometers (about six miles) between Padua and Venice. The hyperloop project is designed to transport passengers and cargo at record speeds of up to 1,200 kilometers per hour, thanks to the use of magnetic levitation through vacuums. The vacuum means there is no air resistance on the front of the vehicle, allowing transport tubes to move at very high speeds. The technology has been tested in various parts of the world, including India, but the construction of a test site in Italy would be a major breakthrough for the concept in Europe. The hyperloop project has completed its feasibility study phase, with Luca Zaia, the president of the Veneto region, announcing that the test track would be built in his area. Zaia told the Transportation Logistics Fair in Munich this week: "It is not a futuristic vision but a concrete project born in Veneto...A revolutionary technology, strongly desired by the Veneto Region, which is now entering its operational phase." A consortium of four companies is managing the project: HyperloopTT, a Los Angeles-based technology provider and designer; Webuild, Italy's largest engineering contractor; Leonardo, a multinational aerospace and defense monitor; and Hyperloop Italia, the body that licenses the infrastructure. The test track will occupy a 10-kilometer stretch of land. It will be designed to carry both passengers and cargo, allowing the loop's safety systems and energy management technology to be properly tested. HyperloopTT CEO Andrés de Leónsaid in a statement to Newsweek: "This is the moment HyperloopTT has been working towards since 2013. We thank the Italian government, the Veneto region, and CAV for their vision and commitment to sustainable innovation. "We've partnered with some of the best engineering and transportation companies in the world, all with deep roots in the region. We look forward to bringing this first of many hyperloop systems to the world." HyperloopTT COO Andrea La Mendola said: "Italy has always been a cradle of creativity, innovation, and progress, from the artistic brilliance of the Renaissance to the engineering prowess behind their high-speed trains. Today, we stand at the dawn of a new era, poised to redefine mobility once again with the 'Hyper Transfer' project. "This hyperloop system is not just about connecting Venice and Padua in record time; it is a testament to Italy's unwavering spirit of innovation and their commitment to sustainable and efficient transport." The testing process is expected to take several years, although engineers hope that parts of the infrastructure will be operational by 2030. Related Articles How to Watch Norway vs Italy: Live Stream FIFA World Cup Qualifiers, TV ChannelAmerican's Trip to Italy Leads to Shocking Revelation About US: 'So Much Resentment'Mount Etna Erupts: Watch Live Feed of June 2 EruptionRule Change Hits Americans Seeking Italian Citizenship: 'Real Gut Punch' 2025 NEWSWEEK DIGITAL LLC.
