Arabtec Saudi Arabia LLC received a Letter of Intent to proceed with the construction of 5,000 Villas and site preparation in a new housing project in the Eastern Province of Saudi Arabia with an agreed value of Saudi Riyals 5 billion over a construction period of 48 months.
Riad Kamal, CEO of Arabtec Holding PJSC, stated: “The award of this project demonstrates the strategic importance of the Saudi Market for Arabtec. This is the second major project awarded to Arabtec Saudi Arabia LLC, the first being 46 buildings, part of the Princess Noura University project in Riyadh”.
“The mutual trust that has been developed between the company and its clients, based on the clients’ satisfaction and the high standards of the company, has firmly positioned Arabtec’s name as a symbol of quality and trust in our new market” he added.
Arabtec is one of the largest active construction companies in the region, with expert management, engineering, and technical staff, and a wealth of experience in the region, which resulted in the company leading many important projects, including residential complexes. Over the past few years, Arabtec has constructed more than 8,500 villas for Dubai Silicon Oasis Authority, Dubai Properties, Mohammad bin Rashid Housing Establishment, Emaar at “Emirates Hills”, The Lakes”, “The Meadows”, The Spring” and “Arabian Ranches”, and for Shaikh Holding Group at Sanctuary Falls.