The JV will carry out the design and construction of a new maintenance, repair and overhaul facility for Saudi Aerospace & Engineering Industries (SAEI). HLG鈥檚 share of the contract is worth SAR573m.
The project is located within airport and is part of an overall SAR27bn (拢4.46bn) expansion plan to increase the airport鈥檚 capacity from 13 million to 80 million passengers per year by 2035.
HLG CEO and managing director Laurie Voyer said that the project was typical of some of the new work opportunities that HLG was pursuing in the region and reflected the group鈥檚 growth strategy to expand into new geographic markets. 鈥淪trategically this is a very important project for us,鈥� he said. 鈥淥ur growth strategy is based on diversifying our workload by both geography and work type with good quality clients who value our services. This project is our first major project in Saudi Arabia, which is perhaps our most important geographic growth market.
鈥淲e are able to leverage off the Leighton Group鈥檚 Australian and Asian experience in delivering airport infrastructure and apply this to a new market. 聽Saudi Arabia is a key growth market for HLG. It is by far the largest market in the Middle East and close to US$50 billion worth of projects will be awarded there this year.鈥�
HLG 鈥� TAV 鈥� Al Rajhi JV鈥檚 scope of works includes the design and construction of 11 aircraft maintenance hangars with clear spans up to 160m as well as 343,000m2 of maintenance, ancillary buildings and workshops. It also includes all electro-mechanical and special equipment required for the facility together with aprons, taxiways and airfield infrastructure work.
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