BRI: China Bester Group announces contract win by Saudi subsidiary

$18.77mln road monitoring equipment contract awarded to Raifah Contracting

  
Image used for illustrative purpose. Antenna tower and dishes of Almadar network are seen in Tripoli, Libya October 16, 2018. REUTERS/Ismail Zitouny

Image used for illustrative purpose. Antenna tower and dishes of Almadar network are seen in Tripoli, Libya October 16, 2018. REUTERS/Ismail Zitouny

REUTERS/Ismail Zitouny

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

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