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Halwani Awards $20 Million Contract for Food Plant

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Aug. 16 (Bloomberg) -- Halwani Brothers Co., a Saudi food processing company, awarded Union Engineering Projects Co. a 77 million-riyal ($20 million) contract to expand a food processing plant.

Halwani will spend 33 million riyals to buy materials for the project, the Jeddah, Saudi Arabia-based company said in a statement on the Saudi bourse website today. The expansion project is valued at 258 million riyals, it said.

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

To contact the editor responsible for this story: Glen Carey at gcarey8@bloomberg.net

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