Malaysia’s MGB announces that MGB Alameriah Contracting Company (MA), a joint venture company under MGB International For Industry, an indirect wholly owned subsidiary of MGB, has accepted a letter of award (“Contract”) from Beetah Real Estate, a leading real estate company specializing in property marketing in the Kingdom of Saudi Arabia.
The value of the contract is SAR 350 million.
The scope of works includes engineering, procurement, and construction (EPC) works. The Project location is in Madinah.
The project comprises of construction of Four Hundred Forty (440) apartments units (Type A1, A2, B1 and B2). The Project shall be completed within thirty (30) months from the commencement date on 1 March 2026.
