KUALA LUMPUR: MGB Bhd
said its wholly-owned subsidiary MGB International For Industry has secured a SAR32.98mil (RM34.76mil) contract from ROSHN Group Company for the construction of 75 villas for the Marafy Al Arous Development Project, Phase 1A Zone B – Blocks 104, 105 and 106 located in Saudi Arabia.
It said in a filing with Bursa Malaysia the job is expected to be completed in 242 days or about eight months from the commencement date, which is to be specified by the employer.
"The contract is expected to contribute positively to the future earnings and strengthen the order book of the
group.
"The project represents a strategic step in expanding the Group’s construction presence in Saudi Arabia, in line with long‑term regional growth strategies," it said.
