Construction & Real Estate

Webuild says NEOM terminates its contract for Trojena dams

Italian construction giant Webuild will exit a major contract on Saudi Arabia’s ambitious NEOM development after the client opted to terminate works on part of the Trojena mountain resort, highlighting ongoing adjustments within one of the world’s most closely watched infrastructure programmes....

Construction & Real Estate

UCC, Webuild, PowerChina teams shortlisted for Riyadh airport project

The King Salman International Airport in Riyadh has shortlisted three international contractor teams - UCC with Consolidated Contractors; Webuild with Al Gihaz and TAV and PowerChina with MBL Infrastructure - for ECI work on Terminal 6 as part of the $30 billion airport development programme. ...

Construction & Real Estate

L&T unit wins near $1.1bn Riyadh Metro extension contract

Leading Indian construction conglomerate Larsen & Toubro (L&T) said its Heavy Civil Infrastructure unit has won a major contract worth up to Rs100 billion ($1.1 billion) for works related to Riyadh Metro extension. The order is a part of an ultra-mega project won by a consortium led by Italian builder Webuild. ...

Construction & Real Estate

Webuild-led consortium wins Riyadh Metro network extension contract

Webuild, a global leader in the design and construction sector, has announced that its consortium - comprising Indian construction conglomerate L&T, Saudi Arabia's Nesma and French rail transport giant Alstom - has secured the contract for the extension of Riyadh Metro’s Red Line network. ...