New 84.1 mio Euro construction project in Saudi Arabia

TERNAS.A., 100% subsidiary of GEK TERNA Group of Companies,  in joint venture with Arabtec, were awarded a project of constructing a hospital inRiyadh,Saudi Arabia. TERNA holds 40% in the joint venture.

The six – storey project “AldaraHospitaland Medical Centre” includes 105 beds in two medical centres covering a built area of 107.000 m2.

The project is expected to be completed in early 2015 and the contract price is 84.1 mio Euro.

This project marks TERNA' s presence inSaudi Arabia, through its subsidiary TERNA SAUDI ARABIA LLC.

TERNA was recently awarded another project of constructing a hospital of a contract price of around 29 mio Euro inIraq. 

TERNA' s backlog has reached the amount of 3,1 bn. Euro.

Information:

Investor Relations: Aristotelis Spiliotis, tel. +30 210 6968431, tspiliotis@gekterna.com

Press Office and Public Relations: Konstantinos Lamprou, tel. +30 210 6968445, klamprou@gekterna.com