AIG unit wins Best Commercial Project award at Saudi summit
RIYADH, December 15, 2022
Saudi-based Astra Industrial Group has announced that one of its portfolio companies, International Building Systems Factory (IBSF), has won the award for the 'Best Commercial Project' at Saudi Building & Infrastructure Summit 2022.
The company clinched this award for the Time Square 1 & 2 project coming up as part of the Riyadh Boulevard, a 220-acre perennial recreational and commercial complex within the Hittin neighbourhood of the Saudi capital.
Located in the north of the Saudi capital, the Riyadh City Boulevard has a wide range of recreational facilities, including outdoor cinemas, cafes, restaurants, and hookah lounges, besides hosting multiple sports, music and theatrical events.
Developed by SELA, the Boulevard is popular for its several landmark attractions like Square sub-zone, a replica of New York's Times Square, Takenda centre and the London's Coventry Street inspired Trocadero area.
It was designed by Saudi engineer Abdul Mohsen Al Theyab, Nmr Real Estate and Ahmed Zaidan Consulting Architects.
IBSF's team represented by its Deputy CEO Mohammad Abu Sarhan and AIG Group President Mohammed Al Hagbani received the award at the Saudi Building & Infrastructure Summit 2022.
The Saudi firm won the award for its work on the Time Square 1 & 2, including 12 buildings, which was completed on a fast-track basis within a 118-day period in 2021.
Lauding the achievement, Omar Hassan, the Business Development Manager, said: "The project saw IBSF provide design and fabrication services and also 3,400 tonnes of structural steel installation as well as casting of 5,000 cu m of reinforced concrete."
"In addition, we completed 45,000 cu m of earth works as well as 18,000 sq m of structural glazing and aluminum composite panels. Its scope of work included full MEP systems including fire fighting, HVAC, water supply and sewage system as well as laying of power lines and earthing and lightening systems.
So congratulations to the incredible IBSF team for the feat and also to the other winners of the night!," he added.
IBSF, set up in 1993 to produce pre-engineered steel buildings and steel structures in Saudi Arabia, has now become a trusted leader in the industry producing over 10,000 structures for 35 countries across the globe and is set to expand its horizons.
An ISO 9000:2001 and AISC-certified company, IBSF is dedicated to quality assurance at every stage of the manufacturing process
Since its launch in 2019, the project has seen a threefold expansion in its area spanning around 900,000 sq m, thus making it the largest entertainment facility in the region.
The Riyadh City Boulevard has nine areas, each with its own set of events, restaurants, cafes, gardens, international game centres, festivals and stores.
It includes a fountain area with different displays of laser lights, colours and music that are synchronised with the fountain show.
