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Kentz wins big Saudi contract

TIP UPDATE: Second contract win shows the strength of Kentz's Saudi partnership
February 17, 2009
by LiM

Engineering and construction services group Kentz and partner Radicon-Gulf Consult have been awarded a project in Saudi Arabia worth in excess of $35m (£25m). The project is for engineering and consultancy services on the development of about 1,000 hectares of land to the north of Jubail Industrial City 2.

IC TIP: Buy at 106p

The five-year contract will commence imminently and covers urban planning, site development design and infrastructure. On its completion, Jubail Industrial City will be one of the largest of its kind in the world, accommodating major primary and secondary petrochemical industries as well as community housing and housing infrastructure.

What we said:

When: 25 September 2008

Price: 159p

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