Dutch firm wins $420m Saudi infrastructure deals

(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Netherlands-based OCI Construction Group said on Tuesday it has concluded negotiations for the awarding of infrastructure contracts in Saudi Arabia worth a combined value of $420m.

"The projects will be executed at several locations in Saudi Arabia, where the Construction Group is currently executing approximately $790m worth of work, excluding these new contracts," it said.

OCI Construction Group chief operating officer, Osama Bishai, said: “These contracts reflect the OCI Construction Group’s on-going commitment to expand our Saudi Arabian operations.

"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.”

OCI expects to formally sign the contracts in the coming weeks, it added.

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