Punj Lloyd, Dayim eye infra projects in Saudi Arabia

Punj Lloyd Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532693 | NSE: PUNJLLOYD

11 Nov 2008 Evaluate

Punj Lloyd Group, the engineering, procurement and construction conglomerate, has announced a joint venture between its wholly-owned subsidiary Sembawang Engineers and Constructors Pte Ltd (Sembawang) and Dayim Al-Haditha (Dayim). Punj Lloyd subsidiary (Sembawang) will have 49 per cent stake and Dayim will have 51 per cent stake in the joint venture.

Dayim Sembawang Engineering LLC will offer expertise and services in infrastructure projects such as hotels, hospitals, high-spec residential and commercial towers and retail developments within Saudi Arabia.

During the next five to ten years, over $500 billion construction projects are planned in Saudi Arabia, and the majority of these are critical to the country’s future prosperity and development. Dayim was established as a vehicle for investment and partnership in Saudi Arabia. Dayim is active in a number of sectors including construction, security, financial services and real estatecrack crack

Peers

Company Name	CMP
Larsen & Toubro	3860.00
Kalpataru Projects	1447.10
NCC	137.00
Rail Vikas Nigam	210.30
KEC International	402.50
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