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Article: EADS, partner clinch SR 8.5 billion Saudi deal.(European Aeronautic Defence and Space Company EADS N.V. and Al-Rasheed Trading & Contracting)(Brief article)
- Article from:
- Saudi Economic Survey
- Article date:
- July 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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European aerospace group EADS has announced that it won a five-year contract to help boost Saudi border security, which an official at a local partner said is worth $2.3 billion. "It's about SR 8.5 billion," an official at Al-Rasheed Trading & Contracting,a Saudi company which will help EADS with construction works, told the press, on this occasion.
"It was signed recently," the official added.A spokeswoman at EADS declined to give any indication on the amount of the contract,but did say that EADS would be the prime contractor on the largest ever such contract competed worldwide as a full solution.
The deal is part of plans by the world's biggest oil ...