Tekfen wins tender in Saudi Arabia

Tekfen Construction has won a tender in Saudi Arabia worth approximately $235 million. Tekfen Construction, a subsidiary of Tekfen Holding, has won a tender in Saudi Arabia worth approximately $235 million. In a statement released to the Public Disclosure Platform (KAP) on Thursday evening, Tekfen Holding announced that Tekfen Construction had received notification from the Saudi Arabian Mining Company (Maaden) that it had won the tender to undertake the general construction works for the "Phosphate 3 Phase 1" project in Saudi Arabia. The statement noted that the project cost was estimated to be approximately $235 million and that the project was targeted to be completed in 24 months.