An Al Jaber Group unit has won two contracts worth more than Dh2 billion for the improvement of the Mafraq to Al Ghwaifat border post highway, the Abu Dhabi-based firm said yesterday.
Abu Dhabi General Services Company (Musanada) awarded the two contracts to Al Jaber Transport & General Contracting.
The Al Jaber Group this month won a 1.8bn Saudi riyal (Dh1.76bn) contract to develop Abha airport in the kingdom’s Asir province.
The award comes as the conglomerate seeks to expand its footprint in Saudi Arabia.
Al Jaber is one of the biggest industrial groups in the UAE, employing more than 50,000 people.
It completed in September a restructuring of debt which it accrued after the onset of the financial crisis in 2008. The firm has not revealed the size of the debt restructuring, but bankers have put it anywhere between $4bn and $4.5bn.
Al Jaber's latest major project awards include a Dh460 million order from Petrofac Emirates and a Dh2.6bn contract from state-run Abu Dhabi National Oil Company.
dsaadi@thenational.ae
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