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FINANCIAL NEWS
Saudi’s RCJY signs USD107.43m deals
28 Dec 2014
(MENAFN) The Royal Commission for Jubail and Yanbu (RCJY) announced it has signed two contracts worth USD107.43 for the construction of a residential complex for the commission staff in Ras Al-Khair Industrial City, as well as improvement work on one of the highways in Jubail city, Arab News reported.
RCJY said that it signed the first deal with Manazel Building & Construction Co, which will be responsible for the supplying and construction works at the Royal Commission Compound, in addition to building residential units, firefighting station, mosque and a building for telecommunications equipment and a number of other facilities, with the project expected to be implemented in a period of two years and seven months.
Meanwhile, the second contract for the highway project was signed with China Harbor Company Engineering Arabia Ltd, which will also create a track in each direction of the street, with the project scheduled to need two years and seven months to be completed.
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