Saudi Arabia Taps Webuild Again for Key Diriyah Square Infrastructure

Italian building giant, Webuild has won a new  USD 600 million contract for the Diriyah Square project in Saudi Arabia, further enhancing its role in the country's ambitious infrastructure program. With this new contract, Webuild's overall project value in the kingdom is now USD 2 billion.

The new deal comprises mechanical, electrical, plumbing, and finishing works for more than 70 buildings and public areas, within Diriyah Square, a key component of Saudi Arabia's Vision 2030 program. Diriyah will have a residential area, opera house, museum, and arena upon completion, and will become a prominent venue when Riyadh hosts the World Expo in 2030.

Key Highlights-

• Webuild secures a USD 600 million contract for MEP and finishing works at Diriyah Square, raising its total project value in Saudi Arabia to USD 2 billion
• The deal includes over 70 buildings and public spaces, reinforcing Diriyah's role in Vision 2030 and preparations for the 2030 World Expo in Riyadh
• Webuild continues its expansion in the kingdom with ongoing projects in Diriyah and Neom’s Trojena, where it’s constructing dams for a 2.8 km freshwater lake

Pietro Salini, CEO of Webuild said, “This agreement highlights our historic partnership with Saudi Arabia and our intent to deliver world-class infrastructure consistent with the kingdom's vision for the future. We are honored to be a part of the development of Diriyah as an international cultural and lifestyle destination.”

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Webuild is already building a 10,500 vehicle underground garage  at Diriyah, half of which is already completed. Webuild is also participating in the USD 500 billion Neom mega-project, having won one of its biggest infrastructure contracts last year for the Trojena mountain resort, which will host the 2029 Asian Winter Games.

In Trojena, Webuild will construct three dams to produce a 2.8 km freshwater lake. Having had operations in Saudi Arabia since 1966, Webuild has delivered more than 90 major projects, among them Riyadh Metro Line 3, 70 healthcare facilities, and a desalination plant by subsidiary Fisia Italimpianti.

"We consider Saudi Arabia a strategic growth market for the future," Salini concluded.