TREVI IS AWARDED NEW ORDERS IN THE MIDDLE EAST

Trevi, specialized in ground engineering services, has recently been awarded new contracts in the Middle East totaling about 84 million USD.

Among the primary ones we highlight:

Civil engineering works and special foundations for the realization of different lines of the Riyadh metro in Saudi Arabia. These works are part of an important project for the enhancement of the metro system of the city and will require the execution of special foundations with the best technology available on the market. The contract includes more specifically the execution of large diameter piles, micro-piling and anchoring which will be carried out with special equipment produced by the Soilmec division. The works will be performed by TREVI for relevant international partners with the immediate start of jobsite operations. This major contracts, worth 36 million USD, confirm the active presence of the Group in the large infrastructure market of Saudi.

Trevi was also been awarded a series of medium sized contracts in the UAE, Oman, Saudi Arabia and Qatar to carry out ground consolidation for infrastructure works to reduce the risk of soil liquefaction. These works will be carried out with Soilmec machinery, designed and developed purposely for these types of jobs. The contracts mainly relate to infrastructure projects such as industrial complexes, hospitals, universities, real estate developments and refineries.

The CEO of Trevi Group Gianluigi Trevisani commented: "The recent acquisitions of the Trevi division confirm the potential development of the infrastructure market in geographical areas of historical interest to the Group. Works on the construction of the metro line in Riyadh testify the continuing interest to carry out civil works of urban transport in areas such as the Middle East. The works relating to ground consolidation continue to have great interest from the market and thanks to the development of Soilmec's technology we are able to offer the best services on the market. The recent order intake allows us to maintain a very robust backlog which represents a solid foundation for the Group's growth in the coming years".