Dubai’s Arabtec wins $283 mln contract from Saudi Aramco

The company said it had also recently won other contracts from Saudi Aramco worth 930 million dirhams via unit Target Engineering. (Courtesy: Aramco)

Dubai's Arabtec has been awarded a 1.04 billion dirhams ($283.16 million) contract from Saudi Aramco to build 380 villas in Saudi Arabia, the contractor said on Tuesday.

Arabtec, which this week put four of its five Saudi subsidiaries up for sale, said it would complete the project in Al Dhahran within 28 months.

The company said it had also recently won other contracts from Saudi Aramco worth 930 million dirhams via unit Target Engineering.
 

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Last Update: 08:16 KSA 11:16 - GMT 08:16
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