Al Khodari wins $31m waste deal

Al Khobar-based contractor picks up five-year waste management contract from Jazan Municipality

Al Khodari earns 95% of its revenues from government contracts
Al Khodari earns 95% of its revenues from government contracts

Abdullah A. M. Al-Khodari & Sons has won a $31.7m (SR119m) contract from the Jazan Municipality.

The Al Khobar-based contractor said that the deal would last for five years, and that it would make a further announcement once the deal is signed.

The company makes around 95% of its revenues from government contracts.

In 2014, it achieved a five-fold increase in profits to $12.2m, up from $2.2m in the previous year.

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