Project: Power Utilities and Water Systems
Value: USD 2,000,000,000
Client: Public Investment Fund
Website: www.pif.gov.sa
Larsen Toubro LT has won the turnkey engineering procurement and construction EPC contract for setting up renewable energy power utilities and water systems for Saudi Arabia’s ultra-luxury tourism destination Amaala in the Red Sea region. Amaala, alongside the previously announced NEOM, is part of the giga-projects investment portfolio of Saudi Arabia’s Public Investment Fund (PIF). The Amaala project involves the construction of a luxury tourism destination spanning across 3,800kms of untouched nature reserves in Saudi Arabia’s northwestern coast. The project will include luxury hotels with 2,525 hotel rooms, 700 private villas, 1,496 residential units, a dedicated airport, more than 200 shops, a retail village, marinas, several yachting clubs, and an Academy of the Arts.
