Amiantit wins SAR 76 million GCC contracts

The biggest amount is for two contracts in Qatar, the Qatar Primary Road - Dukhan project worth SAR 28 million and the New Doha International Airport project worth SAR 14 million, making a total of SAR 42 million. The order from Abu Dhabi is for water supply for the Ghayathi and Hamra Military project with a value of SAR 16 million. The remaining orders are from Oman; the Shinas Wilayat water supply project worth SAR 10 million and the Saham water supply project worth SAR 8 million.

The news follows Amiantit's recently published forecast that sales in 2006 will surpass SAR 3 billion, including substantial projects that are currently under negotiation in the Kingdom and other countries around the globe.

"Over a period of more than three decades Amiantit has made an important contribution to the municipal and industrial infrastructures of Saudi Arabia and our neighbours in the Gulf,"

said Eng. Fareed Al-Khalawi, President & CEO of Amiantit. "Now that we have grown into a leading global industrial group with activities in countries all around the world, we are delighted that we continue to play a leading role in local and regional development projects that are designed to improve the daily lives of GCC citizens."

Amiantit is one of the world's biggest manufacturers of pipes for water and sewage network systems with a total number of 34 wholly owned or majority owned manufacturing facilities in 18 countries around the world.