Rabiah & Nassar and Al Zamil Concrete Industries Company Limited, a 50 50 JV between Zamil Industrial Investment Company and Rabiah and Nassar Group has been awarded a new contract from Saudi Oger Limited worth SAR 245 million. The project entails the fabrication, supply and erection of Precast Villas for the Saudi Arabian National Guard Housing project located in the central region of Saudi Arabia.

The contract was signed on February 15th 2012 in Riyadh, Saudi Arabia. The scope of the agreement includes the design, manufacture and installation of precast villas for the Saudi Arabian National Guard Housing project an expansive project for guard personnel that also includes villas, schools, shops and mosques in Khashm Alaan area east of Riyadh.

Ranco & Zamil will begin the supply and installation of the precast villas during 2012 and continue through the end of the Q3 of 2013. The contract's positive impact on the company's consolidated financials will be visible upon completion of each stage of construction.

Mr Abdulla M Al Zamil CEO of Zamil Industrial and MD of Ranco & Zamil said that "We are delighted to accept this prestigious project and eager to execute the project, meeting the highest customer expectations. We believe that our company is one of the competent manufacturers of Precast Buildings and our expertise in providing high quality precast elements to international standards under strict quality control over the years helped us in winning this project."