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Article: Local firms bid low for university deal: group of Al-Arrab and Rabia is front runner for major housing contract at King Abdulaziz University.(Al-Arrab Contracting Company and Rabia Contracting)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- February 6, 2009
- Author:
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A joint venture of local firms Al-Arrab Contracting Company and Rabia Contracting have submitted the lowest bid of SR2.1bn ($560m) for a housing project at King Abdulaziz University in Jeddah.
The project covers the construction of 42 buildings, each with six storeys and a basement level. It also includes the construction of a further 1,260 housing units. In total, the buildings will cover 500,000 square metres.
Al-Arrab's bid came in lower than prices from two other local firms. A1-Muhaidib Contracting Company submitted a bid of SR2.7bn, and Abdullah A1-Khodari Sons Company submitted a bid of SR2.8bn.
The project had been expected to cost close ...