Saudi RSI Subsidiary Wins $94 Million Diriyah MEP Contract

en.Wedoany.com Reported - Basic Power Engineering Installation Company (TFIEW), a subsidiary of Saudi Red Sea International (RSI), has secured a subcontract from Salini Saudi Arabia to provide mechanical, electrical, and plumbing (MEP) services for the Diriyah City development project.

TFIEW delivers projects through end-to-end solutions integrating design, engineering, and construction services. Under this $94 million agreement, the RSI subsidiary will be responsible for engineering, supply, installation, testing, and commissioning services, as well as all MEP work.

In a filing with the Saudi stock exchange Tadawul, RSI stated that the entire contract work will be completed by TFIEW within 15 months. Regarding the financial impact of the contract, the Saudi group said it will commence work starting from the second quarter.

This award follows the company's recent win of a similar contract in Riyadh, involving the King Salman International Airport project. The enabling works package, awarded by the King Salman International Airport Development Company, is to be completed within four years.

The company also stated that it has secured a $58.6 million contract from Arabian Hospitals Company this year to build a premium medical facility. The 19-story hospital, including two basement levels, will be located on the Corniche Road in the South Obhur district of Jeddah.

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