Malaysia firm wins $320m highway job in Oman
Kuala Lumpur, August 16, 2012
Malaysian builder WCT Bhd said on Thursday it had won a 1 billion ringgit ($320 million) contract to build a 44.75km expressway in Oman.
WCT, in an 80:20 joint venture with Oman Roads Engineering, expects to finish the work in three years, according to a local stock exchange filing.
"The contract to be entered is expected to contribute positively to the group's earnings and net assets for the financial years ending December 31 from 2012 to 2015," WCT said. – Reuters
More Construction & Real Estate Stories
- DWC-Emaar in golf centre deal
- EMart nets $20m from online auction
- Qatar Railways awards $32bn in contracts
- Top regional firms at Cityscape Riyadh
- Habtoor Leighton wins $395m Dubai tower deal
- Bahrain to scrap asphalt subsidies
- UAE bids to host 2018 tunnelling congress
- Bin Faqeeh top sponsor of Gulf Property Show
- Summit to spotlight green building issues
- Cluttons to launch new brand in 2014