Middle East Economic Survey

VOL. LIII

No 13

29-March-2010

SAUDI ARABIA

Saudi Arabia Sets Up Giant Contracting Company

A group of 15 Saudi companies, made up of 11 contracting and four investment firms, have joined forces to establish a new shareholding company to be known as the Saudi Consolidated Contracting Company (SCCC). At their inaugural meeting in Riyadh earlier this month the group of companies elected 'Abd al-'Aziz al-'Utaishan as chairman of the board. The objective of the new company,...