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Zamil signs SAR 348 mn contract with Al Fouzan

Inks deal towards supplying customised chiller systems for the Saudi Real Estate Development Company’s Dar Al-Hijrah Project, owned by the Public Investment Fund of the Ministry of Finance, in Madinah

| | Jun 3, 2015 | 5:35 pm
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Inks deal towards supplying customised chiller systems for the Saudi Real Estate Development Company’s Dar Al-Hijrah Project, owned by the Public Investment Fund of the Ministry of Finance, in Madinah

 

Zamil Central Air Conditioners Company, a wholly-owned subsidiary of Zamil Industrial Investment Company, in April signed a new contract valued at SAR 348 million (USD 92.8 million) with Al Fouzan Trading & General Construction Company to supply custom chiller systems for the Saudi Real Estate Development Company’s Dar Al-Hijrah project, owned by the Public Investment Fund of the Ministry of Finance, in Madinah, located in the western region of Saudi Arabia.

The signing ceremony was attended by Abdul Rahman Al Mofdi, Secretary General of Public Investment Fund (PIF); Fahd Al-Sharif, Head of Tourism and Real Estate Sector at PIF; H.E. Katsuhiko Takahashi, CDA a.i. at the Embassy of Japan in Saudi Arabia; Shunsuke Saito, First Secretary, Economic Affairs at the Embassy of Japan and Kaoru Kusumoto, Senior General Manager, Air-Conditioning Division at Mitsubishi Heavy Industries.

Also in attendance were Dr Abdulrahman Al Zamil, Chairman of the Riyadh Chamber of Commerce and Industry and President of the Council of Saudi Chambers; Khalid A Al Zamil, Chairman of the Board of Zamil Industrial; Ajlan Al Ajlan, General Manager of Central Region at Zamil Industrial; Tarik M. Al-Fouzan, CEO of Al Fouzan Trading & General Construction Company and Samih Al-Qishawi, Executive Vice-President of Projects at Al Fouzan Company.

The scope of the agreement, which is the largest project awarded in the history of Zamil Air Conditioners, includes the supply of 80 custom water-cooled centrifugal chillers with a total cooling capacity of 200,000 tonnes of refrigeration (TR) for use in the first phase of the Saudi Real Estate Development Company project, which is being developed in Madinah on an area of 1.6 million square metres and has the capacity to accommodate around 120,000 pilgrims.

The 200,000 TR will be generated by 80 MHI centrifugal chillers that include chiller plant management systems, inverters, refrigerant pump systems and automatic tube-cleaning systems, reportedly comprising the largest District Cooling plant in the world.
 

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