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OCI to award $420m infrastructure contracts in Saudi Arabia

Published: 02 Jul 2013 - 10:49 am | Last Updated: 31 Jan 2022 - 01:47 pm

CAIRO: OCI Construction Group has concluded negotiations for the awarding of infrastructure contracts in Saudi Arabia worth a combined value of $420 million, OCI N.V. said in a statement on Tuesday.

"The projects will be executed at several locations in Saudi Arabia, where the Construction Group is currently executing approximately $790 million worth of work, excluding these new contracts," it said.

OCI expects to formally sign the contracts in the coming weeks, it added. (Reuters)