By Andy Sambidge
UAE-based construction firm picked for King Fahad Medical City work in Riyadh
Habtoor Leighton Group (HLG) said on Monday it has been awarded a healthcare project worth SR1.18bn ($314.6m) in Saudi Arabia.
The Gulf kingdom's Ministry of Health has awarded the project for King Fahad Medical City, which will be delivered in a joint venture with Al Latifia Trading and Contracting.
The medical city, which involves the construction of new medical centres on the current King Fahad Medical City campus to integrate with existing medical facilities, is located in the centre of Riyadh.
Laurie Voyer, HLG CEO and managing director, said the new project further reinforced the success of HLG's strategy to expand into new geographic markets.
"This project is in line with our growth strategy to diversify our geographic footprint, and we look forward to working with our JV partner, Al Latifia Trading and Contracting, to successfully deliver this prestigious development for our client," Voyer said.
He said it also underlined the importance of Saudi Arabia to the Group's growth plans.
"Saudi Arabia is our largest growth market, and this project underlines our ability to secure work there," he said.
HLG's new managing director-elect, Jose Antonio Lopez-Monis, added that the medical project, which will be the first of five specialist hospitals to be built in Saudi Arabia over the next five years, will see the delivery of state-of-the-art medical facilities.
"We are privileged to be awarded a project of this scale and significance, and look forward to delivering it to the highest standards of international quality," he said.
HLG's construction brief will include a national neurosciences institute, a cancer centre, cardiac centre, laboratories and office buildings and underground car park.
This will be the first development activity on the site since the 1990s and in addition to 510 additional hospital beds, it will provide oncology, cardiology and other specialist services to the community.
Works will commence later this year, with the project to be delivered in stages over the next three years.
I am surprised these guys don't pay on time their creditors and they keep wining contracts.