Geotechnical specialist contractor Keller has signed an umbrella framework agreement for NEOM’s The Line project, securing a major piling contract for the gigaproject.
The London-headquartered company said it has a longstanding presence in Saudi Arabia and are delighted to have been invited to participate in NEOM, which is a world-class construction project.
The Line is subdivided into approximately 135 modules, each containing eight buildings founded on large diameter bored piles. The company is mobilising for an anticipated first works order on a portion of Module 40 which has an expected value of around $61.3 mn, with the work anticipated to be completed within the next twelve months.
Keller positions itself for further geotechnical work
Further works orders are expected to be awarded later in the year on subsequent modules, the firm added.
The first element of the NEOM project is ‘The Line’, a 170-kilometre-long mega-city, starting in the west at the Gulf of Aqaba, continuing through the Sharma Valley and terminating at the NEOM International Airport within the upper valley region.
Following the signing of the framework agreement, Keller is very well positioned to participate in the future geotechnical work, with the potential to generate contract revenues in the hundreds of million pounds in future years, the company notified in a statement.
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