Eversendai picks up $55m Riyadh Metro project
Company picks up deal from BACS Consortium for steel works on East, North and South depots on lines one and two
Eversendai Corporation, a provider of specialist engineering and construction services, has won two new contracts in Saudi Arabia worth $66.5m.
The Malaysia-headquartered steel specialist, which earns around two-thirds of its revenues from the Middle East, has landed a $54.8m deal from the BACS consortium delivering lines 1 and 2 of the Riyadh Metro.
The Bechtel-led consortium, which also includes CCC, Almabani General Contractors and Siemens, has awarded it a contract to carry out the steel works and cladding for its East, North and South depots.
The second contract win for $11.6m is to design, supply, fabricate and install a conversion hangar in Riyadh used to service aircraft.
Eversendai said it is confident that it could secure more steelworks packages at the $23.5bn Riyadh Metro project.
Executive chairman Tan Sri A K Nathan, “We remain upbeat about our prospects in 2015. Since January this year we have already secured projects worth $233m. We believe the Middle East will continue to be our most productive region."