Saudi's Al Khodari Signs $208 Million Contract with Housing Ministry

Saudi Arabia's Abdullah A. M. Al Khodari Sons Co. (1330.SA) has signed a contract for a 780 million riyal ($208 million) project with the Saudi Ministry of Housing, the company said on Saturday.

The company will build the infrastructure for ministry housing projects in Buraidah, Hail and other Saudi cities, Khodari said in a statement on the website of the Saudi stock exchange.

Saudi King Abdullah promised in March 2011 to build 500,000 housing units to ease the kingdom's growing shortage of housing.

Read more: http://www.zawya.com/story/Saudis_Al_Khodari_signs_USD208m_contract_with_housing_ministry-ZW20130330000007/