FINANCIAL NEWS

Saudi- 4 USD140.3m construction deals inked

21 Mar 2012

(MENAFN) Prince Saud bin Abdullah bin Thunayan, president of the The Royal Commission for Jubail and Yanbu, inked four agreements for the development of the region with a total value of USD140.3 million, reported Arab News.

One of the contracts was signed with Beijing Construction Engineering Group for developing infrastructure around a new headquarters building.

The new building would be constructed in a 56,000 square meter area and its two sides will be facing the Red Sea. The project comprises construction of two adjacent buildings, parks and service facilities.

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