Saudi-based Al Jouf Cement Company has announced that it has secured a major supply contract worth SAR104 million ($27.7 million) from Webuild, a leading global player in the construction of large and complex projects.
The cement will be used by Webuild for the ongoing projects at Saudi futuristic city NEOM, said Al Jouf Cement Company in its filing to Saudi bourse Tadawul.
The entire contract will be completed within a 41-month period.
The financial impact will be positive on the company’s financial statements starting from Q3 until the end of the contract period, it added.-TradeArabia News Service
