Zamil subsidiary wins SAR 90.8 mln contract to build Dammam mall

A subsidiary of Zamil Industrial Investment Company won today a SAR 90.8 million turn-key contract  from Gulf Real Estate to build a shopping mall in Dammam, eastern Saudi Arabia.

The project will have a positive impact on the company’s consolidated finances at the end of each stage of the project in 2015 and 2016, the company said in a statement to the Saudi bourse, Tadawul.

Under the 12-month contract, Zamil Steel Construction, a wholly-owned subsidiary, will design, manufacture, erect and supply about 1,210 tons of pre-engineered steel buildings, mechanical, electric and finishing works for the project.