Joannou & Paraskevaides bagged SABIC housing contract

Posted on 16th February 2014

Saudi Basic Industries Corp (SABIC) announced it has signed a contract with Joannou & Paraskevaides (Saudi Arabia) Ltd for the construction of a new staff housing project in Riyadh called the Al-Waseel Hills Project.

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, the company said in a statement. The scope also includes mosques, schools, shopping centres, sports clubs and parking areas. The construction is expected to be completed in about three years.

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