Al Khodari signs deals worth $92.8m

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Al Khodari signs deals worth $92.8m

Dammam-based contractor Abdullah AM Al-Khodari & Sons Co has announced the signing of a pair of contracts worth $92.8m (SR348m).

The biggest of these is an $83.5m (SAR313m) contract with the Ministry of Health to build a 200-bed maternity and paediatrics hospital in Rass.

The contract was received on Thursday and work will start by the end of the quarter.

The company has also signed a $9.3m contract to build the second phase of a deanship support building at Taibah University for the Ministry of Education.

It wil take 15 months to complete from the date that the site is handed over to it.

Al Khodari & Sons earns around 95% of its revenues from government contracts.

In the year to December 31, 2014, the company achieved a 57% increase in net income to $30m as revenues climbed by 13.5% to $463.2m.

Source: Construction News Online

Link: http://tinyurl.com/ppal8k9

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

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Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.