Saudi Olayan Group has partnered with US-based engineering firm CH2M Hill to bid for a growing number of building projects in the kingdom, Reuters has reported. The joint-venture called CH2MOlayan will start off with a paid-up capital of SR10m, which could be increased later. The new JV is already eyeing a paint plant Dutch Akzo Nobel plans for Saudi Arabia, Lee McIntire, the US firm's chief executive said.
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