Contract awarded for major KEC Hub project
Phase One of the project includes a mall and a five-star hotel property as well as a residential tower
Saudi-based Knowledge Economic City (KEC) announced that it has awarded a US $62mn contract to Alfaneyah Electromechanical Company for the provision of construction, electromechanical and plumbing services for its KEC Hub project.
KEC explained that Phase One of the project includes a mall and a five-star hotel property – to be managed by Hilton Worldwide – as well as a residential tower. The tower will comprise luxury branded residential apartments with upscale residential units, benefiting from the services provided by the Hilton Hotel.
Located in the northern part of Knowledge City on King Abdulaziz Road, the KEC Hub project will boast a range of elements including recreation, shopping, residential and entertainment services within the mall and the main (Boulevard) in addition to cafes, restaurants, the heritage area and a public park.
As per the deal, Alfaneyah Electromechanical Company will develop the 384-key Hilton Hotel Tower and also the 66-storey branded residences within an 18-month period. In its first and second phases, the project will occupy an initial area of 186,000sqm, which includes a rental area of approximately 122,000sqm.
