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Saudi Arabia Awards $395 Million in Medical Contracts, SPA Says

Saudi Arabia awarded five contracts valued at 1.48 billion riyals ($395 million) to local companies to develop health projects in the kingdom, the Saudi Press Agency reported, citing Health Minister Abdullah Al-Rabiah.

The contracts included one for 642 million riyals awarded to Al Fouzan Trading & General Construction Co. to build a 500- bed hospital at King Faisal Medical City, the Riyadh-based news service said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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