Sweett Group (CSG) - Sweett Group strengthens foothold in Saudi Arabia RNS Number : 7590Q Sweett Group PLC 12 November 2012 12 November 2012 Sweett Group plc ("Sweett Group" or "the Group") Sweett Group strengthens foothold in Saudi Arabia Sweett Group, the international property and infrastructure consultancy, has strengthened its foothold in the Kingdom of Saudi Arabia with two new commissions at the 3.5km^2 King Abdullah Financial District (KAFD) in Riyadh. The move is the latest step in the Group's strategy to capitalise on the Kingdom's buoyant construction market as it looks to diversify its presence across the Middle East. Providing a full range of cost management services, Sweett Group is supporting Germany-based architect Gerber Architekten to deliver two unique public attractions in the heart of the KAFD, the Info.HUB and Butterfly Dome. Info.HUB is KAFD's primary tourist attraction and includes a library, media activity rooms, tourist information area, exhibition space and other community facilities totalling a built-up area of 44,000m^2. The building has been uniquely designed as a contemporary interpretation of a desert mushroom. The Butterfly Dome, with its spherical envelope designed to provide the optimal internal environment for the world's most exotic butterfly species, will offer visitors a calm retreat from the hustle and bustle of the financial district. The two commissions are the latest of Sweett Group's expanding portfolio within KAFD in addition to other current projects which include the iconic Capital Market Authority (CMA) tower, Museum of the Built Environment, Men's and Women's Spa and three mixed use towers. Acting as the project and cost manager on the prestigious CMA tower since its inception, Sweet Group's project team has been managing the challenges of delivering the tallest structure in Riyadh and focal point of KAFD, which will house the headquarters for the regulator of the Saudi Arabian stock market. Spencer Wylie, Director of Cost Management, MENA, said: "The Kingdom of Saudi Arabia is one of our key strategic focus areas as we look to strengthen our position and service offering in the region. These further commissions within the King Abdullah Financial District in support of Gerber Architekten, who are producing some very exciting architecture, are testament to our strong incumbent project and cost management teams already delivering high profile schemes in and around Riyadh." - Ends - For further information: Sweett Group plc Chris Goscomb, Chief Financial Officer +44 20 7061 9000 Theo Kjellberg, Group Communications Manager +44 20 7061 9102 Dima Qumsieh, Regional Marketing Manager+971 4 329 5755 FTI Consulting Billy Clegg, Oliver Winters, Latika Shah +44 20 7831 3113 About Sweett Group Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP/PFI investment. We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve. Our portfolio of commissions in the Middle East comprises projects across the commercial, education, residential, retail and mixed use, hospitality and leisure, health, transport and infrastructure sectors including undertaking and successfully delivering projects for prestigious clients across the region such as Aldar, ADNEC, Capital Market Authority, TDIC, Mubadala, Khalifa Bin Zayed Al Nahyan Foundation, Al-Anwa Investment Holding Co., Société Méditerranéenne des Grands Hotels, Kingdom Holding, Samba Bank, Masdar, Tameer, Solidère and the Al Badie Group. www.sweettgroup.com This information is provided by RNS The company news service from the London Stock Exchange END NRAUKURRURAARAA -0- Nov/12/2012 07:01 GMT
Sweett Group CSG Sweett Group strengthens foothold in Saudi Arabia
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