RSH wins $24m Saudi housing contract
Riyadh, November 18, 2013
Saudi-based Red Sea Housing Services Company (RSH) has won a SR91 million ($24.2 million) contract from Nabors International Drilling Company to manufacture, supply and install prefabricated housing units near its oil exploration projects.
RSH is one of the leading providers of modular housing solutions for companies involved in oil, gas, and mining excavation activities. It operates factories in Jubail besides Jebel Ali (Dubai) and Accra in Ghana
Under the terms of the agreement, RSH will be building nine new housing complexes in the Eastern Province. It will also perform restoration and maintenance works on two additional apartment blocks for Nabors, bringing the total housing areas covered by the contract to 11.
The housing project will be completed and delivered over the next seven months, said a senior official.
RSH had previously constructed a residential housing complex and related infrastructure and provided facilities and services under a SR131.25 million contract with the Australian Department of Immigration & Citizenship.
It was built for the benefit of the regional center for immigrants at the Lombrom naval base in Manus Island, Papua New Guinea.
The project involved the development of building units for accommodating 434 tenants and was handed over to the Australian authorities 70 days ahead of the deadline.
Mohammed Othman Mallawi, the investor relations manager, said: "RSH is committed to delivering projects on time. In fact, we were able to turn over the residential complex we were appointed to build for the Australian Department of Immigration & Citizenship ahead of the deadline."
"We will apply the same high levels of efficiency, accuracy and speed in our ongoing work for Nabors," added Mallawi.-TradeArabia News Service