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Arabtec says unit get $1.3 bln Saudi order

Arabtec Saudi Arabia received a letter of intent from Saudi Binladin Group to build 5,000 villas.

October 4, 2010 2:37 by



Construction firm Arabtec Holding said on Monday it received a 5 billion riyal ($1.33 billion) order for a two-year housing project in Saudi Arabia.

Arabtec Saudi Arabia received a letter of intent from Saudi Binladin Group to build 5,000 villas, Arabtec said in a statement.

(Reporting by Praveen Menon; Editing by Firouz Sedarat)



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