Punj Lloyd, Dayim eye infra projects in Saudi Arabia

Date: 11-11-2008

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