A-Sharq Al-Awsat newspaper has recently reported about the signing of an agreement between the British Bovis Lend Lease and the British Foster and Partners Urban Planning Company to carry out a real estate contract in Saudi Arabia valued at $13 billion. The deal is to build 750,000 apartments all over Saudi Arabia, which will be carried out in cooperation and according to a new Saudi Arabian contracting company recently established by local businessmen.

© 2005 Mena Report (www.menareport.com)