SABIC signs contract for employee housing complex in Riyadh | SABIC signs contract for employee housing complex in Riyadh -
SABIC logo

SABIC signs contract for employee housing complex in Riyadh

: Thursday, February 13 - 2014 @ 09:26

SABIC has signed a contract with Joannou & Paraskevaides (Saudi Arabia) Ltd for constructing the company’s employee housing project in Riyadh, the Al-Waseel Hills Project. In the presence of Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of SABIC and the Royal Commission for Jubail and Yanbu, and Abdullah Al-Eisa, SABIC Board member, Mohamed Al-Mady, SABIC Vice Chairman and CEO, and Constantine Hiakulas, Joannou & Paraskevaides Chairman and CEO, signed the contract at a function held in Riyadh on February 11.

The project covers 685 residential units at the Shams Al-Riyadh site including the infrastructure and landscaping along the Wadi Hanifa, which passes through the complex.

Prince Saud commented, “SABIC has adopted the idea of building a high quality, sustainable and self-contained housing complex for employees in Riyadh on the lines of its successful housing experience in Jubail and Yanbu. We hope this project will motivate our employees all the more, and will have a corresponding impact on productivity and innovation for the company to help achieve its vision at the local, regional and global levels.”

The project to be completed in about three years, also includes mosques, schools, shopping centers, sports clubs and parking areas. It is expected to meet the housing needs of SABIC employees in Riyadh.

Related Article

Today's Top Stories

Week's Top Stories

Posted by

Thursday, February 13- 2014 @ 9:26 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs



AME Info Services