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FINANCIAL NEWS
Drake & Scull inks Saudi commercial project deal
06 Dec 2011
(MENAFN) Drake & Scull’s chief executive, Khaldoun Tabari, said that the company’s Saudi unit inked a contract to establish a commercial development project in Riyadh, reported Emirates 24/7.
Tabari added that the USD95.8 million deal raised the total value of projects the Dubai contractor signed to execute in Saudi in 2011 to USD653 million.
He also said that the firm was in the process of sealing another contract in Riyadh which would be announced soon.
It is worth noting that Saudi Arabia’s construction market, especially Riyadh remained strong for Drake & Scull.
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