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Arabtec unit wins $1.3bn Saudi housing project

Dubai, October 4, 2010

UAE-based construction firm Arabtec Holding said on Monday it received a SR5 billion ($1.33 billion) order for a two-year housing project in Saudi Arabia.

Arabtec Saudi Arabia received a letter of intent from Saudi Binladin Group to build 5,000 villas, Arabtec said in a statement.-Reuters




Tags: Construction | property | real estate | Housing | Saudi Binladin Group | Arabtec Holding |

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