The Neom development project has offered contractors an opportunity to bid for a $6.4bn project on Neom’s Oxagon port work. The contract entails two project phases one of which has already been bid. Contractors already submitted bids for a $3.2bn package that entailed the construction of the port cargo terminal. The tendering process is ramping up as contractors and consortiums bid to secure the second tender. The project includes the construction works at Oxagon City’s industrial port. The deadline for the bidding process is set at 27th December for the $3.2bn contract to conduct building works and deliver infrastructure.
The contract is for the construction project at Terminal 1 at Oxagon Port. The contract is expected to be awarded in the first quarter of next year, probably in February. The scope of the Oxagon Port construction includes excavation as well as dredging which will be mandated by the contracted company. It will also include the demolition and construction of a new longer quay wall and channel widening at the port. The scope also entails container terminal quay expansion and earthworks as well. In addition to the construction of a flexible quay, the scope also entails the construction of several infrastructures within the port’s construction site. The contracted company will also appoint a consultant for the design execution phase.
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The Oxagon Port is a Critical Element of the $500B Neom Development
The construction works that will be conducted at the Oxagon port are crucial in the Neom development project. This is because it will allow greater volumes of construction materials to be imported for the project. Having an expected investment value of $500bn, Neom is defined as the world’s largest construction program. The construction of the port will be crucial for the successful completion of the project. The port is part of Oxagon which Saudi’s Crown Prince launched in late 2021. The Neom development will revolutionize the construction industry, and the Oxagon port will play a fundamental role in this.
