Mubasher: A venture between Hassan Allam Construction and Al Bawani Company has been awarded a $490 million contract (SAR 1.84 billion) to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA) for Diriyah Company.
With a total gross floor area of 45,252 square meters and a total built-up area of 77,428 square meters, the project is part of ongoing efforts to develop the area as a global cultural and tourism destination.
The deal will anchor Diriyah’s position as a center for culture and heritage and support the objectives of Saudi Arabia’s Vision 2030, according to a press release.
The CEO of Hassan Allam Holding, Hassan Allam, commented: "Saudi Arabia has been a central market for Hassan Allam Group for over five decades, during which we continue to contribute to the delivery of high-impact, long-lasting projects.”
Al Bawani Holding’s CEO Fakher Al Shawaf, said: "The Saudi Arabia Museum of Contemporary Art (SAMoCA) demonstrates our commitment to developing national landmarks that highlight the Kingdom’s identity and cultural stature globally."
Hassan Allam recently rolled out plans to acquire MetiPro to expand water and wastewater projects in the MENA region.
