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Rayadah awards $3.73bn contract to SBG
- Saudi Arabia: Saturday, October 10 - 2009 at 11:18
Saudi government's investment arm, Rayadah Investment Company, in charge of developing the $10bn King Abdullah Financial District (KAFD) project has awarded the Saudi Binladin Group (SBG) a $3.73bn contract to design and build 30 parcels of land within KAFD, Construction Week has reported. Under the contract, SBG will have to complete 27 of the 30 parcels by March 2012 and the remaining three parcels by November 2012.
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Medilyn Manibo, Assistant News EditorSaturday, October 10 - 2009 at 11:18 UAE local time (GMT+4)
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This article was updated on Sun Oct 11 2009.
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