Riyadh-Mubasher: Saudi Arabian Mining Co. (Ma’aden) has signed a contract worth SAR 563 million with Al Rashid Co. for Trade & Contracting Ltd, under which the latter will carry out design, engineering and infrastructure works in a residential city in King Abdullah project for the development of Waad Al Shamal City.
The project is located on 440 Km area, out of which 150 km were allocated for Ma’aden projects.
According to the contract, Al Rashid will start work on the project in the first quarter of 2015, and is scheduled to complete the agreed-upon terms at the end of 2016.