Riyadh-Mubasher: Zamil Steel Construction Co. (ZSCC), a wholly-owned subsidiary of Zamil Industrial Investment Co., has been awarded a turnkey project contract worth SAR 90.8 million ($24.2 million) by Gulf Real Estate Co.

The 12-month contract is to build a new shopping mall in Dammam, Saudi Arabia, with the company set to begin supplying building materials in the third quarter of 2015. Construction is likely to be completed in Q2-16.

The project is expected to have a positive impact on the company's consolidated financials at the end of each stage during 2015 and 2016.

''ZSCC is widely recognised as an experienced provider of top-notch building materials, product innovations and project management services across the region,'' said Nawaf Al-Zamil, vice president of Zamil Steel's Building Products Group.

''This project is a perfect match for our company since we are turnkey project specialists. We are able to provide access to the top-quality supplies and the highly- skilled staff required to complete this complex," he added.