Chinese contractor Fangda Group has won a SAR 1.15 billion ($306 million) contract through a joint venture for the Qiddiya City stadium in Saudi Arabia. The China-Saudi venture will engineer, manufacture, and install the venue's exterior curtain-wall systems. The award forms part of the ongoing Saudi Vision 2030 development program.
Kazakhstan-headquartered developer BI Group has entered into an agreement with CITIC Middle East Contracting, the UAE subsidiary of China's CITIC Construction Co. The partnership establishes a framework for CITIC's proposed appointment as main contractor for three upcoming real estate projects in Dubai's Meydan Horizon. CITIC will also provide early-stage design support, value engineering, and construction coordination.
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