Integrated structural steel turnkey and power plant contractor, Eversendai Corporation Bhd, has been appointed a
sub-contractor to construct structural steel works worth SAR 193 million (about RM158 million) for the railway station at the King Abdul-Aziz International Airport Development Project (Phase 1) in Jeddah, Saudi Arabia.

In a filing to Bursa Malaysia, Eversendai said the project was awarded to the group's subsidiary, Eversendai Engineering L.L.C. in Dubai, by the main contractor, Saudi Binladin Group Architecture and Building Construction Division.

The overall scope of work includes engineering, connection designs, supply, fabrication and delivery to site, painting, fire proofing, metal decking and construction of the structural steel works.

The current King Abdul-Aziz International Airport (KAIA) in Jeddah is Saudi Arabia's third largest air facility.

The master plan for the new KAIA project embraces development in three phases to 2035, when ultimate capacity could reach 70 to 80 million annual passengers.

The project will be a landmark economic development for the region and the
nation, capitalising on Saudi Arabia's ambitious growth plans and the
authority's efforts for the country to enhance the status of Jeddah as an
international hub.

Three new terminal buildings, a high-speed rail link and a capacity for up
to 80 million passengers a year, are among the targets proposed
for the new airport.

"We are pleased that the Saudi Binladin Group has chosen to extend its long
standing relationship with us and engage Eversendai on a project of significant
importance to the country's economy," said Eversendai's Executive Chairman and
Group Managing Director, Datuk AK Nathan.

He said the collaboration between Eversendai and the Saudi Binladin Group is
an important step in broadening capacity and skills in the rapidly growing Saudi
Arabia construction industry.

He added that Saudi Arabia is a key growth market for the group and the
company is very well positioned to actively participate in the various
infrastructure and development projects in the country.

Work on the contract is expected to use nearly 12,000 tonnes of steel and
is anticipated for completion in 2013.

The contract is expected to have a favourable impact on the group's
financial performance for the financial years 2012 and 2013. -- Bernama