Insider Business Lois Builders: New project of €17.6m in Saudi Arabia

Lois Builders: New project of €17.6m in Saudi Arabia

Lois Builders are getting ready to kick-off an ambitious project of €17.6 million in Saudi Arabia, according to INSIDER information.

This consists of a residential camp for employees located at Fadhili Gas Plant in Jubail.  The project involves 2000 villas, infrastructure work and all associated facilities.

The total surface area of construction by the Cypriot company for ‘Fadhili Bachelor Camp’ project is 124,000 sq. metres. And the number of staff to be employed will fluctuate from about 100 when the project kicks off in mid-April to a gradual peak of 800 within two to three months.

Lois Builders have pursued opportunities arising even outside the geographic ‘boundaries’ of Cyprus and also entered Saudi Arabia’s construction industry. Its subsidiary in the Kingdom has already successfully completed projects, thus establishing its presence in the country.

Specifically, the company has undertaken eleven projects so far, three of which continue to be active. These are: Dirab Airbase, SMC Central Kitchen and Fadhili Bachelor Camp.

In addition to the works in Saudi Arabia, the parent company of Lois Builders, which was founded in 1977 by Sotos Lois, has a total of 225 projects in its portfolio.

And it continues its successful path in the domestic market having recently completed and delivered successful projects such as the new passenger terminal at Limassol Port, the new Nicosia City Hall and Aglandjia Avenue which is a joint venture with Phoenix Constructions.

 

Read more:

 

https://in-cyprus.com/saudi-agrees-10-bln-china-refinery-deal-as-crown-prince-visits/

 

Top Stories

‘Sailors do not need to die,’ warns captain of coronavirus-hit U.S. aircraft carrier

The captain of the U.S. aircraft carrier Theodore Roosevelt, in a blunt letter, has called on Navy leadership for stronger measures to save the...

Seven fined €150 to €450 for breaking Covid-19 decree

Famagusta district court on Tuesday handed down fines of between €150 and €450 to seven individuals for violating decrees to contain the spread of...

CBC calls for swift credit to “avoid credit crunch” due to Covid-19

The Central Bank of Cyprus in a circular issued on Tuesday called on Cypriot banks to provide swift credit to companies, self-employed persons and...

First batch of China-donated supplies arrives in Cyprus

Ambassador of China to Cyprus Huang Xingyuan has announced the arrival of the first batch of China-donated medical supplies to Cyprus. Huang Xingyuan said in...

Cyprus embassy in Madrid in contact with 30 Cypriots living in Spain

The Embassy of Cyprus in Madrid is in contact with around 30 Cypriots in Spain, mainly students as well as their families in Cyprus,...

Taste

Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....