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FINANCIAL NEWS
Saudi Royal Authority inks USD41.31m Yanbu projects deals
20 Feb 2012
(MENAFN) The Saudi Royal Commission for Jubail inked 3 deals worth USD41.31 million to establish new subways and two schools for girls in Yanbu, reported Arab News.
It said that the first agreement was inked with Al-Harby Contracting and Trading Company Ltd., which will establish 3 subways on the west of the Abdul Aziz Road that connects the industrial Yanbu and the sea Yanbu.
Moreover, the second deal was signed with the Specialist Contracting Company Ltd., which will construct two girls schools, one is an intermediate school near Al Jabriya 2 and the other is a high school in Al-Alfaisal 1, and both are in the industrial Yanbu.
Whereas the third deal was signed with Al-Jureisi Computer and Communication Company, which would maintain the computers belonging to the Royal Commission for Jubail.
It is worth noting that the industrial cities that belong to the Royal Commission for Jubail and Yanbu have been witnessing notable growth of population and industrial movements, which have forced the authority to find more facilities and services.
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