Mubasher: The Italian contractor Salini Impregilo has been prequalified to work on the first phase of The Avenues project in Saudi Arabia, according to Construction Week Online.
Salini Impregilo also revealed that it is currently bidding on projects worth a total of $3bn in the Middle East.
The Avenues KSA is valued at $1 billion (SAR 3.75 billion).
“The Avenues consists of a complex with a shopping centre, two residential towers, two hotels, and a tower for offices and health services,” Construction Week Online noted.
The Italian contractor said the project would strengthen its "involvement in the building and urban mobility sectors in Saudi Arabia, where $88bn of investments are set to be spent on infrastructure during the next five years".
Salini Impregilo showed its interest in participating in the region's public sector-led "big investment plans", including Neom, the Saudi city announced by Crown Prince Mohammad Bin Salman in 2017.
