OCI to award $420m deals in Saudi
Cairo, July 2, 2013
OCI Construction Group has concluded negotiations for the awarding of infrastructure contracts in Saudi Arabia worth a combined value of $420 million, OCI NV said in a statement on Tuesday.
"The projects will be executed at several locations in Saudi Arabia, where the Construction Group is currently executing approximately $790 million worth of work, excluding these new contracts," it said.
OCI expects to formally sign the contracts in the coming weeks, it added. - Reuters