Al-Khodari inks SAR 54.9 mln road development contract

12/08/2015 Argaam

Abdullah A. M. Al-Khodari Sons Company has signed a SAR 54.9 million contract with Saudi Arabia’s transport ministry to connect Assfan and Axial Roads in Al-Jouf city.

 

Under the terms, the project should be completed within 24 months from the date the site is handed over.

 

Financial impact will be reflected during third quarter, the company added.

 

Al-Khodari was first awarded the contract in June, according to data compiled by Argaam.

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