Emaar, The Economic City (Emaar EC) has announced the award of a major infrastructure contract for the development of key zones within King Abdullah Economic City (KAEC).
The contract has been awarded to Nesma and Partners Contracting Co., with a total value of SAR 547.3 million (excluding VAT).
The scope of the project covers infrastructure development works across the Industrial Valley and the Special Economic Zone (SEZ) at KAEC. This includes Phase 1 of the King Salman Automotive Cluster, a strategic initiative aimed at supporting the growth of Saudi Arabia’s automotive manufacturing ecosystem.
According to Emaar EC, parts of the project area are already partially developed and require completion of critical infrastructure to support existing tenants and fulfill contractual commitments. The works will focus on enabling essential services and improving readiness for ongoing and future industrial activities within the zones.
The contract award follows a comprehensive evaluation process and updated feasibility studies to ensure alignment with the company’s development strategy and operational priorities.
Nesma and Partners Contracting Co. is a leading Saudi contractor with extensive experience in delivering large-scale infrastructure and industrial projects across the Kingdom.
It is worth noting that the Public Investment Fund (PIF), a major shareholder in Emaar EC, holds a 30.1% stake in Nesma and Partners Contracting Co.
This project award reflects continued progress in the development of KAEC as a key economic and industrial hub, supporting Saudi Arabia’s broader Vision 2030 objectives to diversify the economy and attract investment into strategic sectors.
