King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, has awarded a SR32.8 million ($8.74 million) contract to Creet Contracting Company for development of necessary infrastructure over a sprawling 836,000 sq m area within the development.

Set up in 2004, the Jeddah-based Creet Contracting is a specialist in the field of industrial, high-end commercial, residential complex, hotels and electro-mechanical projects covering stages from development, feasibility, design, engineering, project management to the execution and turnkey handing over.

The scope of work includes construction of roads/highways; stormwater drainage network and electrical power infrastructure besides potable/irrigation and firefighting water and sewerage network; treated sewage effluent and the telecommunications network, said a statement from master developer Emaar, The Economic City (EEC).

A Tadawul-listed real estate development and management company, EEC's focus is the planning and development of KAEC, it added.-TradeArabia News Service