Saudi Arabia issues over 37,550 certificates of origin

RIYADH: Saudi Arabia’s King Abdullah Financial District’s newest hospitality destination gets a boost with a contract awarded to a joint venture for full fitout design and implementation.

The JV of Saudi Constructioneers Ltd., also known as SAUDICO, and ALEC FITOUT has been entrusted with all aspects of the fitout design, completion, and implementation for the new 16-story hotel. 

This includes overseeing civil and structural works, furnishings, mechanical, electrical and plumbing, as well as sanitaryware and accessories. 

Additionally, the project encompasses lift interiors, kitchen and laundry equipment, along with certain landscaping, hardscaping, and facade works. 

Gautam Sashittal, CEO of KAFD Development and Management Co., said: “With yet another state-of-the-art marvel emerging in our iconic district, it was only natural for us to partner with SAUDICO and ALEC FITOUT given their track record in delivering aesthetically pleasing and sustainable projects across the Kingdom and the GCC (Gulf Cooperation Council).”

The hotel, featuring 210 rooms, has a built-up area of 26,500 sq. m.

He added: “With a targeted tourist inflow of 150 million visitors by 2030, Saudi Arabia is all set to showcase its authentic history and hospitality through world-class destinations featuring the finest of facilities and experiences.”  

SAUDICO and ALEC FITOUT’s contract follows their recent accomplishment with the Diriyah Gate Visitor Centre.

It offers business leaders, tourists, social media influencers, and potential investors a presentation of the experiences and investment prospects within the broader Diriyah Gate Development site.

“This is a testament to the expertise we have developed in reliably delivering awe-inspiring, high-quality fitouts within tight timeframes, and on budget,” Laurent Farge, managing director of ALEC FITOUT, said.

On the sidelines of the Public Investment Fund’s Private Sector Forum in Riyadh, which was held Feb. 6-7, KAFD announced a series of partnerships and collaborations.

The alliances emphasize KAFD’s commitment to enhancing the development and experience of the district as a world-class business and lifestyle destination.

The forum witnessed KAFD awarding several major contracts for five industry-leading private enterprises across diverse sectors, from construction to hospitality and technology solutions.

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