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Saudi deals: Italian construction giant Webuild seals contracts worth $2bln

Italian construction and engineering giant Webuild bagged three contracts in Saudi Arabia with a combined value of €1.8 billion ($2 billion) in May. The contracts are for a high-speed railway and a water treatment plant, Webuild said in separate press statements. On Thursday, 11 May, Webuild announced that with its Saudi joint-venture partner Shibh Al Jazira Contracting Company (SAJCO), it signed a €1.4 billion ($1.5 billion) contract to design and build 57 kilometres of a high-speed railway in giga-project NEOM in Northwest Saudi Arabia.

Link: https://www.zawya.com/en/projects/construction/saudi-deals-italian-construction-giant-webuild-seals-contracts-worth-2bln-sx3pukpa

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