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Red Sea Housing Heads to Khurais

Source: www.gulfoilandgas.com 6/19/2006, Location: Middle East

Red Sea signed an agreement with Nesma and partners Contracting Co. Ltd. here to provide temporary facilities at Khurais to support the Grass-Roots Refinery being built by Saudi Aramco. The project includes all temporary buildings for the Aramco Project Management and staff. The SR25.2 million deal consist of 700 module floors to be produced, delivered and installed.

In other news, Red Sea submitted its bid proposal to Snamprogetti for a turnkey for a housing and office complex also located in Khurais and is due for award by July 1, 2006. Estimated construction cost is SR69 million.

"With the award of Nesma project, Red Sea will be the first housing solution provider on site in Khurais and look to expand services at the US$8 Billion mega complex. The project has interested international and local contractors vying for the several construction and facility packages. As this location is considered remote, the opportunities in Khurais for Red Sea's services is very promising.

In other news, Red Sea submitted its bid proposal to Snamprogetti for a turnkey for a housing and office complex also located in Khurais and is due for award by July 1, 2006. Estimated construction cost is SR69 million.

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