Amaala awards nearly $1.07bln deals with majority to Saudi firms

More than 78% of the awarded contracts’ value was allocated to Saudi companies

  
An Asian labourer works at the construction site of a building in Riyadh, Saudi Arabia August 2, 2016. Image used for illustrative purpose.

An Asian labourer works at the construction site of a building in Riyadh, Saudi Arabia August 2, 2016. Image used for illustrative purpose.

REUTERS/Faisal Al Nasser

Riyadh – Mubasher: Amaala has awarded more than 230 contracts at a value exceeding SAR 3.6 billion ($960 million) to local and international companies, according to an official statement on Tuesday.

More than 78% of the awarded contracts’ value was allocated to Saudi companies.

Saudi Arabia’s Public Investment Fund (PIF) had launched Amaala project three years ago on 26 September 2018.

Source: Mubasher

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