Saudi group Mofarreh has announced a joint venture with Turkey’s Gülsan Holding to bid for and deliver major transportation infrastructure projects in Riyadh for the Royal Commission for Riyadh City. The partnership will target the construction of roads, bridges, viaducts, interchanges and related transport infrastructure as Saudi Arabia accelerates investment in the capital under its Vision 2030 economic diversification programme.
This joint venture forms part of Mofarreh Group’s strategy to expand its international partnerships and enhance local capabilities, contributing to the Kingdom’s infrastructure and sustainability objectives.
Mofarreh Group will combine its local market presence and operational capabilities with Gülsan Holding’s experience in delivering large-scale transport infrastructure projects internationally.
Mofarreh Group Chairman and Group Chief Executive Marzouq Al-Harbi said the partnership reflects the company’s strategy of working with international firms to support the Kingdom’s infrastructure development plans.
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Gülsan Holding brings decades of experience in the construction of roads, bridges, viaducts, interchanges and other complex civil engineering projects, the companies said. They emphasized their focus on engineering expertise, innovation, and sustainable infrastructure development, while strengthening their ability to deliver large-scale transport projects that support Saudi Arabia’s long-term economic and development goals.
As Saudi Arabia continues to invest in its infrastructure, the joint venture between Mofarreh and Gülsan Holding is likely to play a significant role in the development of Riyadh’s transportation network.
This partnership is part of a broader trend of international collaboration in the region, with companies from different countries working together to deliver complex infrastructure projects.
The joint venture’s focus on knowledge transfer and the adoption of international engineering and construction practices is also noteworthy, as it has the potential to enhance the capabilities of Saudi Arabia’s infrastructure sector.
By working together, Mofarreh and Gülsan Holding can leverage their respective strengths to deliver high-quality infrastructure projects that meet the needs of Riyadh’s growing population.
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According to the report, the joint venture will target the construction of major transportation infrastructure projects in Riyadh, including roads and bridges. The Royal Commission for Riyadh City is responsible for overseeing the development of the city’s infrastructure, and the joint venture will work closely with the commission to deliver projects that meet the city’s needs.
The partnership between Mofarreh and Gülsan Holding is a significant development in the context of Saudi Arabia’s economic diversification programme, which aims to reduce the country’s dependence on oil exports and develop its infrastructure and other sectors.
The joint venture’s success will depend on its ability to deliver high-quality infrastructure projects.
With their combined expertise and experience, Mofarreh and Gülsan Holding are well-positioned to make a significant contribution to the development of the city’s transportation network.
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