Al Zamil (right) and Albadah signing the agreement

Al Zamil (right) and Albadah signing the agreement

Zamil Industrial firm bags mall deal

ZSCC is set to capitalise on Saudi Arabia’s burgeoning construction and infrastructure market as the kingdom keeps pace with a growing population

01 June 2015

Zamil Steel Construction Company (ZSCC), a subsidiary of Zamil Industrial Investment Co (Zamil Industrial), has been awarded a turnkey project contract valued at SR 90.8 million ($24.2 million) by the Gulf Real Estate Company for its new shopping mall project in Dammam, Eastern Province,
Saudi Arabia.

The contract, the agreement for which was signed in Riyadh, is expected to have a positive impact on the company’s consolidated financials at the end of each stage during 2015 and 2016. The contract duration is 12 months, with the company set to begin supplying the building materials in the third quarter of this year. It is anticipated that all project works will be completed in the second quarter of 2016.

The scope includes the design, fabrication, supply and erection of approximately 1,210 tonnes of pre-engineered steel buildings as well as the provision of all EPC works, including civil works, electrical works, mechanical and structural works, and finishing works for the new mall located in Al Faisaliyah district of Dammam.

“The shopping mall project is a fast-track undertaking that includes many components. The complex safety and security requirements and challenging time frame associated with the construction will necessitate an extraordinary level of attention to detail,” a statement announcing the deal said.

This landmark shopping centre, which spans an area of over 33,000 sq m, will be home to dozens of local chain stores and international boutiques, and will offer a wide range of shops, restaurants and entertainment venues.

“ZSCC is widely recognised as an experienced provider of top-notch building materials, product innovations and project management services throughout the region,” said Nawaf Al Zamil, vice president of Zamil Steel’s Building Products Group. “This project is a perfect match for our company since we are turnkey project specialists. We are able to provide access to the top-quality supplies and highly skilled staff required to complete this complex undertaking on time and to the client’s satisfaction.”

Nasir A Albadah, managing director of Gulf Real Estate Company, stated that the new mall is the first phase of a large-scale fully integrated project that includes the development of a hotel, luxury apartments and residential towers. The project will greatly contribute to the shopping experience in the surrounding area.

The Gulf Real Estate Company, a closed joint-stock company, is a leading real estate development firm. It has successfully developed several world-class office towers in strategic places in Riyadh, in addition to developing a major housing complex and the Crystal Plaza Furniture Market in an area of 54,000 sq m.

Zamil Steel Construction Company was established in 2007 to cater to clients who require a one-stop shop for industrial and commercial steel buildings. The company provides engineering, procurement and construction services to clients who are setting up new projects in different market sectors, as well as design, fabrication and supply of steel buildings; related civil and concrete works; erection of steel buildings; firefighting and fire alarm systems; architectural materials; and mechanical, electrical and plumbing works on the basis of turnkey contracts through full-site management teams.

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