Daily Newsletter

14 November 2023

Daily Newsletter

14 November 2023

Peab to construct new cold storage facility in Hyllinge

Works will encompass alterations on roughly 250m² of the 6,400m² total construction area.

November 13 2023

Nordic community builder Peab has been awarded a contract to construct a new cold storage facility in Hyllinge, a locality north-east of Helsingborg in Sweden.

The unit will be delivered for client Evolv Frysen 1. The contract carries a value of Skr111m.

The cold storage facility will be constructed on Hyllinge’s south-west side.

The structure will consist of a cold storage area with a connected delivery dock, staff and utility rooms, as well as passageways into the current building.

It will also include modification works on approximately 250m² of the 6,400m² total construction area.

The unit aims to reach Miljöbyggnad Silver verification, a Swedish system for the environmental certification of buildings that are owned and developed by the Sweden Green Building Council.

Peab region manager Olle Olsson said: “We’re pleased and proud to have been entrusted with building the new cold storage unit in Hyllinge, thereby contributing to local business. This is a good example of our locally produced community building.”

The project is being delivered as a turnkey contract.

Construction work is expected to commence next month and is set to be completed in February 2025.

Peab will register this project in its order bookings for the fourth quarter of this year.

Last week, the company secured a traditional contract for the reconstruction of the docks in Vaxholm, also in Sweden.

Saudi Arabia construction market dynamics

Per GlobalData, between 2024 and 2027, the Saudi Arabian construction industry is projected to register an AAGR of 5% in real terms, supported by investments in various sectors such as data centers, logistics zones, renewable energy, housing, and tourism projects as part of the Kingdom’s ‘Vision 2030’ economic diversification plan. Construction activity in the energy and utilities sector is estimated to grow at an AAGR of 5.6%, supported by the government’s aim to increase the renewable energy capacity and achieving zero net carbon emissions by 2060.

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