Saudi contracting firm Abdullah A M Al Khodari Sons Company said on Saturday it has been awarded a SR120.7m ($32.1m) contract by the Ministry of Interior.
It said in a statement posted on the Saudi Stock Exchange website that it has received a receipt of award letter from the Ministry for the construction of the second phase of Border Guard Airport in Umm Almelh in the kingdom’s Empty Quarter.
The letter specified that construction must be completed within 720 days from the date of contract signing.
The first phase of this project is part of the company’s current projects, it said.
Last month,Britain’s largest infrastructure contractor Balfour Beatty plans to join Abdullah A M Al Khodari Sons Co to bid for a railway project in the kingdom.
Saudi Arabia, which is spending billions on boosting its infrastructure, plans to link its industrial city of Jubail and Dammam port to a network that connects to mining centers through Ras Azzour.
Saudi Railway Co (SAR) said last month it had invited Saudi and global companies to pre-qualify for the Ras Azzour-Jubail link and the deadline for tendering is July 30.
Al Khodari, based in Al-Khobar, competes for contracts across building, infrastructure, and utilities projects in Saudi Arabia. The company is also looking to expand throughout the Gulf, and last year established a fully-owned office in Abu Dhabi. The company is also contemplating establishing an office in Qatar, according to Jim Pollitt, business development manager, to capture some of the major infrastructure work in the gas-rich state.
Al-Khodari?s shares closed down 3.019% to SAR 64.25, still off its SAR 70.93 high reached on 14 June.
Sources: arabianbusiness, constructionweekonline