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Good News! The Overseas Company has successfully won the bid for the Riyadh Airport Expansion Project H Concourse in Saudi Arabia.

Good News! The Overseas Company has successfully won the bid for the Riyadh Airport Expansion Project H Concourse in Saudi Arabia.

2025-04-30

(Summary description) Great news! The Kuwait Branch of the Overseas Company has successfully won the bid for the Riyadh Airport Expansion Project H Concourse in Saudi Arabia. With the guidance and full support of the Construction and Decoration Company and the Overseas Company, and through the joint efforts of the domestic and international marketing teams, design teams, and relevant departments, on January 23, 2024, the general contractor of the Riyadh Airport Expansion Project H Concourse - the Saudi Branch of the Civil Aviation Airport Construction Group Beijing International Engineering Co., Ltd. - issued a bid-winning notice, announcing that Lingyun had won the bid. After defeating several strong domestic and international competitors and more than four months of follow-up, Lingyun successfully secured its first project in Saudi Arabia. This project is also the first project undertaken by the Kuwait Branch outside the Kuwait market and the first project obtained since the focus on expanding the Saudi market. In recent years, following the deployment of the Overseas Company, the Kuwait Branch has actively pursued a "going global" strategy while consolidating its traditional market in Kuwait. In particular, since the implementation of the "Vision 2030" and the launch of a large number of engineering projects in the Saudi market, the Saudi market has become a key area for the Kuwait Branch to explore. Yu Ding, General Manager of the Overseas Company, and Fang Huiwu, Party Branch Secretary and Manager of the Kuwait Branch, have adjusted the marketing focus and direction of the Kuwait Branch in response to the current situation. They have implemented a strategy of bundling cooperation with Chinese-funded enterprises and local strategic partners in Kuwait, leveraging complementary advantages to jointly explore the Saudi market. They have devoted resources, guided and led the team, carefully planned the proposal, and made multiple on-site coordination and communication efforts. With Lingyun's strength, professionalism, reputation, and performance, they have won over the general contractor and successfully secured the project. This project marks a milestone breakthrough for the Overseas Company in developing new markets in the Middle East. We firmly believe that in the subsequent contract fulfillment process, we will also achieve a promising start and establish and consolidate Lingyun's market position in Saudi Arabia and even the entire Middle East.

Good News! The Overseas Company has successfully won the bid for the Riyadh Airport Expansion Project H Concourse in Saudi Arabia.

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