Construction company ALEC, part of the Investment Corporation of Dubai, announced on Tuesday that has opened its first office in Saudi Arabia in capital Riyadh to tap the project opportunities in the Arab world's biggest economy.

ALEC Managing Director Barry Lewis said the new office would create value for the company's partners and stakeholders in the Kingdom.

The company said in a press statement that ALEC Saudi Arabia would be led by General Manager, Darrell Bergesen.

Bergesen added that with Giga developments and new projects progressing across the Kingdom, "it is a prestigious opportunity to be a part of this rapidly changing landscape."

Last month, ALEC achieved an engineering milestone with the final lift of 'The Link', a 9,500 tonne steel structure, which forms the central feature of Ithra Dubai's flagship, mixed-use, luxury development, One Za'abeel.

(Writing by Syed Ameen Kader; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020