Ma'aden awards US$266 million contract for housing project

jubailMa'aden has awarded Azmeel Contracting & Construction Company a US$266mn contract for the engineering, procurement and construction of a new housing project for its employees in Saudi Arabia

The contract was for the first phase of the Mutrafiah Housing Project at Jubail Industrial City. Around 800 villas would be available for occupancy in late 2014. The project would totally include 3,600 villas, according to the company press release.

Khalid Al-Mudaifer, CEO of Ma'aden, said, "The programme demonstrates Ma'aden's commitment to the security, health and well-being of its employees by helping to provide them with comfortable family housing."

In addition to the Mutrafiah project, another 256 apartments at Jalmudah district in Jubail Industrial City were undergoing construction, with the first batch of units targeted to be handed over by Q2 2013 for occupancy.

Ma'aden has appointed AECOM Arabia Limited as the project management consultant to assist in managing the projects in Jubail Industrial City.

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