Saudi Aramco, a global oil company, has awarded a $300-million housing construction project to Kolin, a leading Turkish company, a media report said.

Kolin will work on the project to provide 2,400 state-of-the-art villas for Saudi Aramco employees in the Eastern Province city of Dhahran, according to Middle East Business Intelligence.

The company will develop the South Dhahran Home Ownership Programme (SDHOP), known as “Ajyal”, which has been allocated a budget of $5.5 billion.