Saudi Arabia awards 110 road contracts worth over US$ 1.2 bn

Posted on 17th June 2019

Saudi Arabia awards 110 road contracts worth over US$ 1.2 bn
Image courtesy of: http://www.arabnews.com/sites/default/files/main-image/2018/05/07/1180651-109815286.jpg

According to *Tradearabia news report, Saudi Arabia has awarded 110 contracts worth more than SR4.3 billion ($1.2 billion) to several local companies mainly for building a good road infrastructure in the kingdom, said a report.

Transport Minister Nabeel Al Amoudi attended a signing ceremony in Riyadh for operation, maintenance and cleaning contracts for roads throughout the kingdom for the period 2019-2022, reported Arab News.

"These 110 contracts cater to the needs of each region and are aimed at promoting road safety and maintenance," stated Al Amoudi.

The ministry has developed and upgraded contracts, and established performance indicators to meet the Saudi leadership’s expectations, he added.

*News source: http://tradearabia.com/news/CONS_355531.html

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