EADS, partner win $2.3bn Saudi deal
Paris, July 1, 2009
European aerospace group EADS said on Wednesday it won a five-year contract to help boost Saudi border security, which an official at a local partner said is worth $2.3 billion.
"It's about 8.5 billion Saudi riyals ($2.27 billion)," an official at Al-Rasheed Trading & Contracting, a Saudi company which will help EADS with construction works, told Reuters, speaking on conditions of anonymity.
"It was signed last night," the official added.
A spokeswoman at EADS declined to give any indication on the amount of the contract, but did say it would be the prime contractor on the largest ever competed worldwide as a full solution.
The deal is part of plans by the world's biggest oil exporter to bolster frontier surveillance with hundreds of extra radar facilities, coastal detection centres, telecommunications networks and reconnaissance aircraft.
Saudi officials have warned about escalating violence and sectarian fighting in Iraq and an insurgency against the US-backed government in Baghdad.
France's Thales, Britain's BAE Systems Plc and US group Raytheon had also vied for the contract.
In March, EADS and Al-Rasheed announced a first deal to install a razor-wire fence, thermal imaging and radar equipment along Saudi Arabia's 900-km (560 mile) frontier with northern neighbour Iraq.
"This deal covers the rest of the border. It involves much technology, radar, camera systems," the official said.
More projects might come up such as a deal possibly worth up to 1 billion riyals ($266.7 million) to secure a major border crossing point to neighbouring Oman, the official said. - Reuters
More Miscellaneous Stories
- UAE road accidents decline by 23.5pc
- Top businesswomen in Bahrain honoured
- Death penalty sought for Bahrain terrorists
- Girl, 9, dies after fall from 8th floor in Abu Dhabi
- Lebanese café brand opens Dubai outlet
- Bahrain poultry firm told to step up safety
- Customer dies in Bahrain cafe brawl
- Bahraini boys hurt while planting bombs
- Philips, Ericsson launch LED street lighting
- DuBiotech to set up first Halal safety lab
- Jotun to supply coatings for Makkah Station
- Raytheon wins $655m Kuwait Patriot deal
- Alwaleed Foundation lights up 3 Saudi villages
- Poultry farms strike may trigger shortages in Bahrain
- Oman seals Victoria food security pact
- Saudi woman, 80, donates $133m to charity
- New Saudi clamp on energy drinks
- Outrage follows Bahrain killer bomb
- Improvised explosive device used in Bahrain attack
- 3 policemen killed in Bahrain blast
- Dammam-Al Ahsa train service starts
- Egypt wheat supplies enough to last until June
- Expat killed at Saudi workers' holding facility
- 80 global speakers for Doha summit on family
- Restaurant runs up $47,555 phone bill in 4 days
- NZ minister to visit Gulf states
- Public-private tie-ups ‘vital for agri growth’
- China firm wins solar power project in Amman
- 15,000 attend Bahrain garden show
- Omani firms shine at top food expo