$140m deals signed for Yanbu projects
Yanbu, March 26, 2012
The Royal Commission for Jubail and Yanbu recently signed four contracts worth SR526 million ($140.25 million) to construct various buildings and infrastructure.
The contracts include the agreement to build a new headquarters building for the commission in Yanbu, a Saudi Press Agency report said.
Prince Saud bin Abdullah bin Thunayan, president of the Royal Commission, signed the contracts with Beijing Construction Engineering Group (BCEG) and Assad Bulgo Company.
BCEG won two contracts valued at SR299 million ($79.72 million) to construct the new headquarters for the commission in Yanbu and the infrastructure in its vicinity.
The new building will be constructed in a 56,000 sq m area and the project comprises construction of two adjacent buildings, parks and service facilities.
Assad Bulgo Company won the third and fourth contracts worth SR227 million, which are aimed at constructing infrastructure and housing units in Mushairef-2 neighborhood in Yanbu Industrial City.
This is the fifth phase of a project aimed at building housing units in the city covering nearly 18 hectares, the Royal Commission said.