UK geotechnics large Keller has stated it might earn “a whole bunch of hundreds of thousands of kilos” from Saudi Arabia’s proposed desert megacity as corporations line up for work on the large venture.
Keller stated the Neom scheme, which features a 170km-long walled conurbation generally known as The Line, might turn into a “materials contributor” to its future efficiency.
The agency final month signed an preliminary framework settlement to work on the venture – which has estimated whole prices of as much as £400bn. In a half-year outcomes assertion to the Metropolis this week, Keller revealed it had now begun mobilising assets for the job.
US-headquartered Aecom has been appointed to supply venture administration consultancy providers for section one development of Neom, whereas compatriot Bechtel will ship design, development and venture administration providers for base infrastructure.
A consortium of FCC Development, China State Development Engineering Company and Shibh Al-Jazira Contracting Firm will ship tunnels for rail providers, as will a second group of Samsung C&T Company, Hyundai Engineering and Development Co and Saudi Archirodon Firm.
Saudi crown prince Mohammed bin Salman revealed contemporary particulars of the flagship Neom venture final month. Plans embrace a 170km-long linear metropolis apparently contained inside two 500m-high partitions set 200m aside and that includes mirrors on their exterior surfaces.
Often known as The Line, this desert metropolis has been subdivided into roughly 135 modules, every comprising eight buildings based on large-diameter bored piles.
Keller advised traders this week that it had made a “robust dedication” to the “transformational” Neom growth.
“The size of the venture affords important alternative to corporations of Keller’s expertise and international attain,” stated the agency.
“Keller has commenced mobilisation of key assets and gear to service this thrilling alternative with additional works orders anticipated to be awarded later within the 12 months. We have now a longstanding presence in Saudi Arabia and we’re delighted to have been invited to take part in Neom, a world-class development venture.
“Following the signing of the framework Settlement, Keller could be very nicely positioned to take part sooner or later geotechnical work, with the potential to generate contract revenues within the a whole bunch of hundreds of thousands of kilos in future years.”
Keller posted income of £1.3bn for the six months to 26 June this 12 months – up from £984M in the identical interval a 12 months earlier. The agency’s pre-tax revenue was up 12 per cent to £32.7m within the first half of 2022.
It additionally revealed a file order e book boasting £1.6bn of secured work and declared itself assured of assembly its expectations for the total 12 months.
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