KSA signs US$ 560 mn worth of transport contracts

Posted on 8th December 2014

Saudi Arabia's Transport Minister Jabara Al-Seraisry signed 46 contracts on Sunday (7 December) worth US$ 559.5 million (SAR 2.1 billion) to carry out various projects including maintenance, electrical work, IT, consultancy, study and designing and supervision.

KSARoads

Speaking to Arab News after the signing ceremony in Riyadh, Al-Seraisry said the ministry had recently signed contracts worth more than US$1.68 billion (SAR 6.3 billion).

“Allocations have been made for these projects in the current 2014 national budget,” he said. He highlighted the ministry’s efforts to implement projects approved in the budget in the same year without delay.

“Until today we have signed contracts worth SR 8.4 billion [US$ 2.24 billion] this year,” the minister said, adding that he urged all contractors to complete their works on time following the required standard.

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