Riyadh, Saudi Arabia
– Lamar Holding and Asyad Group, the primary developers of the Haradh and
Wudaihi Staff Housing Complexes, are excited to announce the awarding of the
Engineering, Procurement, and Construction (EPC) contract to TOP Engineering/Shaanxi
Construction Corporation, through their SPV (First Developers Real Estate
Development Company). This announcement coincides with the official
groundbreaking ceremony, which marks the commencement of construction for the
project. The development will deliver over 140,000 square meters of
state-of-the-art residential facilities for 2,800 Aramco staff across the
remote sites of Haradh and Wudaihi, with investments exceeding SAR 1.5 billion.
“We are honored to appoint TOP Engineering/Shaanxi
Construction Corporation as our EPC contractor for this significant project,”
said Hani Abdulhadi, Managing Director of Lamar Holding. “Their proven
ability to deliver complex infrastructure projects on a global scale makes them
the perfect partner for this ambitious development.”
The Haradh and
Wudaihi Staff Housing Complexes are an integral part of Aramco’s vision to
provide high-quality, modern living accommodations for its remote employees.
The development will feature cutting-edge residential units, recreational
facilities, and sustainable energy solutions. The total built-up area will
exceed 140,000 square meters, making it one of the largest staff housing
developments in the region.
“This groundbreaking ceremony not only
symbolizes the start of construction but also our collective commitment to
excellence,” said Faisal Al Sayed, Deputy Chairman of Asyad Group. “With
Top Engineering/ Shaanxi Construction Corporation as our trusted EPC partner,
we are confident that we will deliver an exceptional living environment for
Aramco’s staff.”
About
Lamar Holding
Lamar Holding is a leading
developer of social infrastructure and large-scale industrial PPP Projects in
the region with a 15-year track of large-scale infrastructure projects. Lamar
Holding has led significant infrastructure investments to date with local and
global partners in various sectors such as Oil and Gas, Energy and Real Estate.
About
Asyad Group
ASYAD Holding Group,
with over 47 years of experience, is a progressive family group comprising of a
diversified portfolio of wholly owned companies, joint-ventures, investments,
financial holdings and real estate projects.
About
Top Engineering / Shaanxi Construction Corporation
Top Engineering / Shaanxi
Construction Corporation is one of the largest construction companies in the
world, ranked as the sixth-largest EPC contractor globally. With a total of $46
billion in total assets. Shaanxi is known for its expertise across various
sectors including engineering design, construction, international labor export,
equipment manufacturing, and real estate development.
Media Contact
Company: Lamar Holding
Contact Person: Media Relations
Email: info@lamar-holding.com
Country: Bahrain
Website: https://lamar-holding.com/