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FINANCIAL NEWS
Saudi Hail Cement inks USD31.4m housing contract
01 Jan 2012
(MENAFN) Saudi Hail Cement Company inked a USD31.4 million contract for housing complex north of Hail, Arab News reported.
The contract was signed with the joint venture of Teberak Trading and Contracting Company and Mo B. Co. for Civil Construction, and the project will be completed in four stages.
The first stage of the project will be completed in 11 months starting Sunday, the second will be completed in 14 months, the third in 16 months and the fourth in 18 months.
The housing project will occupy 45,000sqm of a total construction area of 80,000sqm, and will include 19 Villas, 120 apartments for families, 108 single rooms for bachelors, a building of 12 studios for guests and 2 buildings of 24 studios for supervisors.
The compound will be equipped with facilities like 2 recreation halls separately for male and female, mosque, playground for children, swimming pool, basket ball court, supermarket, laundry, barber etc. which will have round the clock security.
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