Saudi Arabia Announces Tender for 136km Highway Initiative
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Saudi Arabia announced its intention to commence a tender for a significant 136-kilometer highway project, marking a critical step in the country’s infrastructure development ambitions. This initiative, announced by Saudi officials, highlights the kingdom’s dedication to enhancing its transport network and stimulating economic growth throughout the region.
The envisioned highway, covering a notable distance of 136 kilometres, is designed to meet the country’s increasing demands for efficient transportation. By opening the project to tender, the Saudi government is strategically inviting private sector engagement in building this essential infrastructure, aligning with its goals for sustainable development and improved connectivity.
The tendering process calls for proposals from companies specializing in construction and infrastructure, with the winning bidder set to undertake the project’s execution, ensuring compliance with the set deadlines and quality parameters. This approach to involve the private sector reflects Saudi Arabia’s strategy to utilize external expertise and resources for the effective realization of the project.
Expected to link critical areas, the highway will facilitate economic unity and the seamless movement of goods and individuals, resonating with Saudi Arabia’s broader strategy to diversify its economy beyond oil. By enhancing the transport infrastructure, the project is prepared to reinforce trade, tourism, and economic activities, contributing to the kingdom’s diversification objectives.
Additionally, the project’s financing will be conducted in Saudi Riyals, mirroring the government’s preference for transactions in the local currency to maintain economic stability and ensure more manageable financial oversight.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
This collaboration will extend into the fourth phase of Azizi’s Riviera project in MBR City, with Cummins supplying top-tier power generators.
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Azizi Developments, a prominent private developer in the UAE, and Cummins Inc., a global leader in power solutions design, manufacturing, distribution, and supply, are extending their partnership into the fourth phase of the large-scale Riviera project. Cummins, known for its diverse range of products including diesel, natural gas, electric, and hybrid powertrains, as well as powertrain-related components, like filtration, after-treatment, turbochargers, fuel systems, control systems, air handling systems, automated transmissions, electric power generation systems, batteries, hydrogen generation, and fuel cell products. The manufacturer is globally renowned for its excellence in both innovation and sustainability.
Mr. Farhad Azizi, CEO of Azizi Developments, said: “As we continue our collaboration with Cummins Inc. for the fourth phase of our flagship project, Riviera, we reaffirm our commitment to procuring and utilizing only the highest quality materials. This partnership highlights our dedication to providing exceptional lifestyles for our investors and end-users through the careful selection of premium components. We are confident that our now-broadened alliance with Cummins Inc. will help in maintaining the high standards established for Riviera and further elevate the benchmarks of quality and excellence.”
Riviera is part of Azizi Developments’ award-winning portfolio. It is a stylish waterfront lifestyle destination that comprises 75 mid- and high-rise buildings with approximately 16,000 residences.
Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art, but also about a certain ‘joie de vivre’ — a celebration of life, an exultation of spirit, Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, a lagoon walk on the shores of its 2.7 km-long swimmable crystal lagoon with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space.
With its strategic location near the upcoming Meydan One Mall and the Meydan Racecourse — home of the Dubai World Cup — as well as Dubai’s most noteworthy points of interest, Riviera represents one of Azizi Developments’ most coveted projects.
Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
