Construction conglomerate Saudi Binladin Group has reportedly won an estimated $300 million design and build contract for an aquatic sports centre in Dubai.
The sports centre will be used to host the World Swimming Championships in April 2010, the Middle East Economic Digest (MEED) reported on Tuesday.
The races will be held in a 10-lane, 25-metre pool, MEED said.
The event, which is held every two years, was held in Manchester in the UK in 2008.
Jeddah-based Saudi Binladin Group is the kingdom's largest construction contractor.