Elsaeed Contracting and Real Estate Investment Co. has been awarded a SAR 265 million ($70.6 million) project to build a hotel in Jeddah, Saudi Arabia, the company said in a bourse statement on Thursday. 

The company has contracting work reaching up to SAR 341 million ($90.9 million) in Saudi Arabia.  

Elsaeed Contracting is capitalised at EGP 471.9 million, distributed at 471.9 million shares at EGP 1 each.