Markek
There was a general slow-down in infrastructure projects, apart from those with a high degree of priority, such as, for instance, the construction of the Riyadh Metro described below.
Riyadh Metro Line 3
In July 2013, Impregilo, leader of an international consortium, won the tender called by the Riyadh Development Authority for the design and build of the new Riyadh Metro Line (Line 3), with a 18.85% share.
The Lot assigned to the Consortium is an important part of the broader concurrent project for the construction of the new Riyadh metro network (consisting of 6 lines with an overall length of about 180 km), worthy approximately US$23.5 billion.
The total value of the works assigned to the consortium amounts to approximately US$6 billion, of which about US$4.9 billion for civil works.
The percentage of completion as of December 31, 2015 was 14.3%.
2016 outlook
2016 is expected to be a transition year for the construction market, in expectation of positive market economic developments.