Keller, UK announced in a statement that it have been selected to undertake work on the prestigious NEOM Giga project in the Tabuk Province of North West Saudi Arabia.
The first element of the NEOM project is ‘The Line’, a 170-kilometre-long mega-city, starting in the west at the Gulf of Aqaba, continuing through the Sharma Valley and terminating at the NEOM International Airport within the upper valley region.
The Line is subdivided into approximately 135 modules, each containing eight buildings founded on large diameter bored piles.
Keller has signed an umbrella Framework Agreement in respect of the project, and is mobilising for an anticipated first works order on a portion of Module 40 which has an expected value to Keller of around £50m, with the work anticipated to be completed within the next twelve months.
Further works orders are expected to be awarded later in the year on subsequent modules.
We have a longstanding presence in Saudi Arabia and we are delighted to have been invited to participate in NEOM, a world class construction project. Following the signing of the Framework Agreement Keller is very well positioned to participate in the future geotechnical work, with the potential to generate contract revenues in the hundreds of million pounds in future years, statement mentioned.
