China Bester Group Telecom Co announced on Monday that its Saudi subsidiary Raifah Contracting Company has signed a road monitoring project contract worth about 132 million Yuan ($18.77 million) with Saudi Arabia's Prime Gate.

Rafiah Contracting will implement the contract signed between Prime Gate and state-owned Saudi Technology and Security Comprehensive Control Co. (Tahakom) for the installation, testing, operation and maintenance of road monitoring equipment and related communication infrastructure, according to a stock exchange statement by China Bester Group Telecom.

(Writing by Madhura Deulgaonkar; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

#SaudiArabia #RaifahContractingCompany #ChinaBesterGroupTelecomCo #Infrastructure #Telecommunication #Tahakom

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020