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FINANCIAL NEWS
Infrastructure contracts in Saudi Arabia valued at USD420M
02 Jul 2013
(MENAFN) OCI Construction Group chief operating officer, Osama Bishai declared that the group has come to conclusion after negotiations to seize infrastructure contracts in Saudi Arabia amount to USD420 million.
Bishai said: “The projects will be executed at several locations in Saudi Arabia, where the Construction Group is currently executing approximately USD790 million worth of work, excluding these new contracts.”
The officer continued: “We are well positioned to continue to grow our Saudi Arabian backlog by capitalising on our strong track record in executing large-scale infrastructure projects in Saudi Arabia.”
Contracts are bound to be signed in date that will be announced later on.
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