Red Sea Housing Services awarded SAR 76.7 Project in Guinea

Jubail, Kingdom of Saudi Arabia, 22 July 2008 - Dr Majid Al Kassabi, the Chairman of Red Sea Housing ServicesRed Sea Housing Services (Tadawul: 4230), a global leader in the manufacture of modular buildings in the Middle East, Africa and Asia, is pleased to announce that Red Sea HousingRed Sea Housing has been awarded a major contract worth SAR 76.7 million. Bechtel Australia awarded Red Sea HousingRed Sea Housing the contract to engineer, procure and construct a 1,100 man housing facility in Guinea, West Africa, in support of the Guinea Alumina project being constructed at San Ragedi. The project is due to start in September 2008 and is scheduled for completion by the end of May 2009. "Due to proximity, we are proud to announce that the accommodations and support buildings will be manufactured out of Red Sea's Ghana... [read full story]