Maytas Infra Saudi Arabia wins $44mn contract
Deal awarded by Saudi Binladin for drainage works at airport
IL&FS Engineering and Construction Company has revealed that its arm, Maytas Infra Saudi Arabia (MISA), has been awarded a road drainage contract worth $44mn (SR166.89mn) from Saudi Binladin Group.
"Maytas Infra Saudi Arabia Co. (MISA), a subsidiary of IL&FS Engineering and Construction Company Limited has received a Letter of Award (LoA) from Saudi Binladin Group for road drainage works for King Abdul-Aziz International Airport Development Project-Phase1, Jeddah in Kingdom of Saudi Arabia (KSA)," the company said in a filing to the Bombay Stock Exchange.
The scope of work involves construction of road drainage works including excavation, steel reinforcement, concrete works, erection, and back filling, the company added in the filing.