We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 7 Jan 2016 09:57 PM

Font Size

- Aa +

Saudi Aramco inks deal to build nearly 800 homes for staff

Contract is part of oil company's plan to build more than 8,000 employee homes as well as schools, community facilities

Saudi Aramco inks deal to build nearly 800 homes for staff
KSA energy

Saudi Aramco has signed a second contract to build homes for its employees, the state-owned oil company said on Wednesday in its weekly magazine The Arabian Sun.

The contract to build 791 homes is part of plans to build more than 8,000 homes in total, as well as schools and community facilities, as the company seeks to meet soaring demand for accommodation from its growing workforce.

Aramco's workforce grew to almost 62,000 in 2014 from just over 57,000 the year before as the company, which has both the world's largest proven crude oil reserves and is the largest crude exporter, expands its activities.

Most expatriate workers in Saudi Arabia live in gated communities, which allow Westerners to enjoy more relaxed living conditions than would be permissible in wider Saudi society.

The new development on a 10-square kilometre plot of land in Dhahran is 8 km (6.25 miles) southwest of Aramco's headquarters

The cost and timeframe of the project, to be built by a consortium of Saudi-based Azmeel Contracting and China's Sinohydro Corporation, was not disclosed.

Aramco already has many gated communities. The largest is at its Dhahran headquarters, with a population of 10,000 people.

In September, Aramco said Azmeel had been awarded the first contract in the project to build 955 homes.

Arabian Business: why we're going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.