King Salman Park Foundation awards SAR 3.9 bln contracts to local firms

The King Salman Park Foundation awarded contracts worth SAR 3.85 billion to a group of local companies to implement parts of the King Salman Park project.

The foundation said on its official Twitter account that the contracts include site preparation works, construction of a number of tunnels and bridges on Abu Bakr Al Siddiq Road and Al Orouba Road, in addition to infrastructure and preparation works in the Royal Arts Complex.

According to data compiled by Argaam, Custodian of Two Holy Mosques, King Salman, unveiled in March 2019, four wellbeing projects, worth SAR 86 billion in Riyadh. They are King Salman Park, Sports Boulevard, Green Riyadh, and Riyadh Art.

With its 13.4 square kilometers, King Salman Park will be the largest city park in the world.

The park will comprise residential, office, commercial and hotel facilities, including 12,000 housing units, 16 hotels providing 2,300 rooms, restaurants, cafes, more than 500,000 square meters (sqm) of retail space, and 600,000 sqm of office space.