Company: Rashid Trading & Contracting
Riyadh-based Al Rashid Trading & Contracting Company (RTCC) is owned by the Al-Rashid family and chaired by Abdullah Saad Al-Rashid. It is one of the Kingdom’s biggest contractors, having carried out projects such as the $1bn (SR3.8bn) Northern Border Security project for the Ministry of Interior. This five-year project, awarded in 2009, involves the installation of a high-tech network to monitor smuggling activities, which included housing complexes in five cities.
The firm has been responsible for the delivery of a $606mn housing project for a foundation set up by King Abdullah, which is building 10,000 new housing units on the outskirts of the city of Jazan. RTCC handled phase one, which incorporated 2,249 villas, 11 mosques, medical centres and supporting buildings.
Perhaps its biggest deals in recent years have been on the North-South Railway project, where it was appointed to deliver civil and track works worth over $750mn in 2010. Two years later, it secured a contract worth around $420mn to build five major stations. Work on the railway is expected to complete this year.