Saudi construction firm Al Khodari wins $184m university contracts
Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Co won three contracts from the Ministry of Higher Education
Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Co won three contracts from the Ministry of Higher Education worth a total 689 million riyals ($184 million), it said on Monday.
Al Khodari will build facilities at Taibah University for 374 million riyals and at Northern Borders University for 315 million riyals.
The financial impact of the contracts is expected to begin in the third quarter of 2014.
The contractor reported a 68.8 percent slump in second-quarter net profit last month, due to a sharp escalation in manpower costs.
Also Read
-
Initial tests on dead Saudi man ‘negative’ for Ebola
Saudi Arabia's health ministry says that initial tests on a dead Saudi citizen suspected of having contracted Ebola had returned negative Middle East -
Qataris move to snap up IHG’s Paris flagship hotel Le Grand
The sale, which is not expected to complete until next year, continues IHG’s strategy of selling on its hotels and then managing them under contract Property -
France secures 1 billion euro navy deal in Egypt
The DCNS company, in which the French state has a majority stake, won the contract to provide four corvette frigates to the Egyptian navy Middle East -
MERS contracted by 19 kidney failure patients in Saudi Arabia
At least 19 kidney failure patients suffered from MERS a few weeks ago Middle East -
Saudi-French alliance wins $2 bln bus deal for Riyadh metro
The Saudi government had awarded $22.5 billion in contracts in July last year for the metro’s construction Aviation & Transport
