Home / Press & Media / Investor News / KHC Announces Agreement of Master Plan Design for 16M sqm “Kingdom Riyadh Land” & Infrastructure

KHC Announces Agreement of Master Plan Design for 16M sqm “Kingdom Riyadh Land” & Infrastructure

February 9, 2011

Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announced that Omrania were awarded the design of the master plan design and infrastructure of “Kingdom Riyadh Land” that is16M sqm.

Prince Alwaleed: “Our Saudi real estate projects are solid anchors for Kingdom Holding’s profitability.”

Eng. Talal Almaiman, Executive Director for Development and Domestic Investments: “We are continuing with our solid and significant local projects aimed at increasing positive returns for Kingdom Holding Company.”

Also the contract includes provisional sums for Traffic and Environmental studies. As part of their service Omrania’s Contract includes the coordination and approval of all master planning elements, engaging and managing the traffic impact study and environmental impact assessment sub-consultants and other studies required to complement and complete the Master Plan in the role of the local master planner, including all liaison with local authorities. In addition Omrania will be carrying out the supervision of the infrastructure work on site at the pre-agreed rates contained in the award memo.

Moreover, Hart Howerton (HH) were awarded the design of the master plan for 3.8M sqm in Kingdom Oasis Land. The contract includes concept landscape architecture and coloured renderings. As part of their scope of work, HH will produce preliminary concept architecture studies for the Hotel, Gentleman’s Retreat, Women’s Spa, and Branded Villas of which one scheme will be further developed into the concept refinement stage to address the concept details. The preliminary master plan was submitted to Riyadh Municipality and their comments have been addressed by Hart Howerton.