MGB International for Industry wins US$20m precast orders for housing project

Saudi Arabia: MGB International for Industry, a subsidiary of Malaysia-based MGB, has received two orders worth US$20m from property developer Sany Alameriah for the supply and installation of precast elements for its Al Arous residential construction project near Jeddah in Mecca Province. The New Straits Times newspaper has reported that the orders cover 42,000m³ of concrete for a total of 326 housing units. Sany Alameriah expects construction to conclude within 14 months of commencement.