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.

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Abandoned in Saudi desert camps, migrant workers won't leave without pay

Abandoned in Saudi desert camps, migrant workers won't leave without pay

Plight of workers has alarmed their home countries and drawn...

2
Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Basra's plan to build the world's next tallest tower: Is this the MidEast's most ambitious or most foolhardy project?

Basra's plan to build the world's next tallest tower: Is this the MidEast's most ambitious or most foolhardy project?

With Dubai's Burj Khalifa and Jeddah's 1km Kigdom Tower, the...

1
Most Discussed
sponsoredTracking