What is Phase 2 infrastructure worth?
Is it SAR1.8bn or SAR3.2bn?
Why the figures differ
MEED reported that Haif began Phase 2 infrastructure works worth about $480m (SAR1.8bn) in November 2025, awarded in July 2025. Freyssinet Saudi Arabia lists the Phase 2 contract at SAR3.2bn over 30 months, six bridges, as joint-venture leader with Faithful+Gould as consultant. Freyssinet and Haif already worked as a joint venture on Phase 1, where Freyssinet held 52%. SAR1.8bn is about 56% of SAR3.2bn, which fits a partner's share of a whole, but the split for Phase 2 has not been published, so this is our reading and not a confirmed fact.
What we show
Both figures, labelled: SAR3.2bn as the total contract Freyssinet lists, and SAR1.8bn as the amount MEED attributes to Haif. We do not call SAR1.8bn the Phase 2 total.
What would resolve it
The joint-venture split published by Freyssinet, Haif or the Foundation.
More figures explained
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