Dutch firm wins $420m Saudi infrastructure deals

OCI Construction Group says projects will be executed in several locations across kingdom

(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.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Railways are huge priority for the GCC

Railways are huge priority for the GCC

Rail has the potential to dramatically affect Gulf economies...

Cash crunch at Saudi firm casts shadow over Lebanon's Hariris

Cash crunch at Saudi firm casts shadow over Lebanon's Hariris

The troubles at Saudi Oger have led to a cash crunch and layoffs...

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...

4
Most Discussed
sponsoredTracking