FINANCIAL NEWS

Dubai’s Arabtec wins USD283m contract from Saudi Aramco

24 Mar 2015

(MENAFN) Dubai-based Arabtec was granted a USD283.16 million deal from Saudi Aramco in order to construct 380 villas in Saudi Arabia, Reuters reported.

After putting five of its Saudi subsidiaries for sale, Arabtec announced that its new project is set for completion with the next twenty eight months.

Aramco announced that it was also granted another contract from Saudi Aramco through one of its units nominated Target Engineering, its value was estimated at USD233 million.

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