KING Abdullah Economic City (KAEC) has awarded a contract worth SR210 million ($55 million) to Ruwad Construction Company (RCC) involving the construction and interior finishing of 270 attached villas and a multifaceted community centre in the Saudi city’s Al Murooj district.

“This project will further enhance Al Murooj district, which offers a unique premium lifestyle in proximity to the Red Sea and access to the extraordinary existing amenities within KAEC,” said Fahd Al Rasheed, managing director and CEO of KAEC.

RCC, one of the largest companies in the Saudi Arabian construction industry offering development and project management services throughout the region, expects to hand over the completed units by the end of 2014.

“Ruwad Construction Company has earned an exceptional reputation for delivering quality projects in Saudi Arabia according to the highest international standards. We have full confidence in its qualified workforce, led by a seasoned team of engineers and supervisors who employ the latest international management systems focusing on quality, safety and precision,” said Al Rasheed.

RCC president Shaher Al Taki said: “King Abdullah Economic City is a ground-breaking project, which is playing a pivotal role in the development of the national economy. Winning this prestigious contract is a validation of the work we have already completed for KAEC and we embrace the challenge with enthusiasm and dedication. We will be deploying the very best of our continuously expanding resources and expertise to complete this project efficiently, on schedule and with excellence.”

Charles Biele, head of residential development at KAEC, said: “The Al Murooj district features a balance of well-appointed villas and townhouses for families who wish to reside in an upscale and family friendly environment.”