Built to inform

Sign up for the daily newsletters

No, Thank you

Al Khodari to deliver $108m maternity hospital

Company to start work on two-year first phase this month

Photo for illustrative purposes
Photo for illustrative purposes

Abdullah AM Al Khodari & Sons has signed a contract with the Saudi Arabian Ministry of health to build a new 300-bed maternity hospital in Qatif at a value of $108.5m (SR: 406.9m).

The company said that the project is due to start by the end of September. The first phase phase of the contract will take two years to deliver and is valued at $65.4m (SR245.4m).

The signing comes on the back of yesterday's news that the company has landed $120m worth of street cleaning contracts in three Riyadh districts - covering Nassim, Sulai and Shumaisi.

Dammam-based Al Khodari currently generates around 95% of its income from government projects. In the first six months of 2013, the company reported a 49% decline in net profit, which it blamed on "continued pressure from labour market reforms" aimed at boosting the number of Saudis working in the sector.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 761
Mar 21, 2020