Voltas, the Indian-headquartered air conditioning and engineering solutions provider, has said that it has been awarded a US$114 million contract for providing and installing the Mechanical, Electrical, and Plumbing (MEP) services for Qiddiya Water Theme Park.
Qiddiya is a Public Investment Fund project that aims to become the capital for entertainment, sports, and arts in Saudi Arabia. Part of its objectives is to help establish the Kingdom as a global tourist destination and to support Vision 2030, which aims to diversify the country’s economy.
Offering a range of innovative and immersive experiences, the destination aims to be completed by October 1, 2024.
Commenting on the project win, managing director and CEO Pradeep Bakshi said: “We are delighted to win yet another prestigious project in Saudi Arabia. We have been making our headway in Middle East market – predominantly the UAE, Qatar, Oman, Bahrain and Saudi Arabia, for over 40 years.”
“We have transformed adversities into opportunities through improvised processes, embraced automation, eliminating significant costs arising out of mobility restrictions and other project risks.”
Founded in India in 1954, Voltas is part of the Tata Group, and in addition to ACs, it also has air purifiers, water dispensers, commercial refrigeration, and air conditioning products in its portfolio.
“Today, Voltas is the leading MEP services provider in the region, felicitated with several awards for its quality, capability and safety records,” Bakshi said, adding that Qiddiya is being designed into a place where Saudi Arabia’s youth can achieve their goals.
He pointed out the destination will be a place where students may enjoy, appreciate, strive for, develop, and cultivate their potential; a place that opens doors and creates new career paths to support the creation of a more affluent and progressive society.
“With this new project, we believe that we will provide vast opportunities for development and collaboration in the coming years,” he concluded.