Qiddiya Investment Company (QIC), the entity leading the development of Saudi Arabia's ambitious entertainment, sports, culture and the arts project, has started the process of building offices on-site as the development of the destination gets under way.
QIC was incorporated on May 10, 2018, as a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia.
It will be driving the development of Qiddiya, Saudi Arabia’s pre-eminent multifaceted entertainment destination, home of inspiration, discovery and engagement.
Announced by HRH Mohammad bin Salman, Crown Prince, Deputy Prime Minister, and Council of Economic and Development Affairs and PIF Chairman, in 2017, Qiddiya is a transformational project that will be built 40 km from downtown Riyadh over a 334-sq-km area.
Visitors will enjoy access to a range of diverse activities and services across five innovatively designed cornerstones: Sports & Wellness; Nature & Environment; Parks & Attractions; Motion & Mobility; and Arts & Culture.
DuBox, a member of Amana Group, has been signed up by QIC to build a 2,000-sq-m building on the Qiddiya site.
Unveiling the future QIC plan, CEO Michael Reininger said: "Having announced our masterplan this month, we are taking rapid next steps to begin construction of our on-site offices. We are delighted to be working with an esteemed regional company like Amana and look forward to seeing our site offices progress."
The building, which can accommodate 100 people, will have all modern amenities and act as temporary office space during the project construction.
These offices are being designed in line with Qiddiya’s environmental and sustainability principles, he added.
Chebel Bsaibes, the chairman of Amana Group, said 85 per cent of the concrete building will be manufactured, in a concrete volumetric modular fully finished units, offsite at DuBox factory.
"These building will be fully fitted-out and furnished, ready for occupancy within a period of 180 days," he added.-TradeArabia News Service
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