Riyadh – Mubasher: Saudi Industrial Services Co. (SISCO) announced that Red Sea Gateway Terminal Company, subsidiary, signed a contract worth SAR 249 million with Saudi Archirodon Ltd, for civil works for berth expansion of Red Sea Gateway in Jeddah Islamic Port.
The works are going to be completed over the next 18 months, said the company, adding that financing of the contract shall be done with a combination of cash flow generated from operations of Red Sea Gateway Terminal Co. and Shariah compliant loan facilities .
