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$2.9bn mixed-use development planned for Rabigh.

A new 'city' will be built in Rabigh, Saudi Arabia by the Gammon Group at a total cost of $2.9bn. The urban development will be located on a 200ha plot owned by the former Rabigh Governor.

A memorandum of understanding for the project has been signed between Gammon Group chairman Mohammed Rafique and former Rabigh Governor Mohammed Barakah Ismail Al-Ghnami.

Under this agreement, the Gammon Group will design plan, finance and build a complete new city, which will include hospitals, schools, residential villas, parks, playing areas, industrial areas, mosques and warehouses, as well as a petchem plant and a tyre factory.

The project will create jobs for over 3,000 Saudi nationals, said Al-Ghnami. This new city development will include a complete modern medical city to cater for the growing population.

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Publication:Construction Week
Date:Mar 1, 2012
Words:149
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