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FINANCIAL NEWS
Arabtec Terna secures USD107.7m Saudi contract
26 May 2013
(MENAFN) Arabtec Holding announced that its subsidiary, Arabtec Terna, has secured a USD107.7 million Saudi contract from Aldara Medical Corporation, reported Reuters.
Arabtec Terna will be in charge of establishing Aldara Hospital and Medical Centre, located in Riyadh.
The development will include 105 beds, 6-story hospital in addition to 2 medical centers.
According to the Dubai-based contractor, the hospital is slated for completion at the start of 2015.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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