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FinancialNews


  • 20-10-10

    Bahrain- Tamcon creates JV with Chinese firm

    (MENAFN) Tamcon Contracting, a subsidiary of Al Khaleej Development (Tameer), has signed a memorandum of understanding (MoU) with Chinese firm Sinohydro Corporation to form a joint venture on infrastructure and large scale construction in Bahrain and across the region, Gulf Saily News reported. The MoU was signed by Tameer chief executive officer and vice-chairman Laith Al Memar and Sinohydro's regional managing director Wu Wenhao. The deal marks a major milestone for Tamcon Contracting and brings it closer to achieving its strategic vision of positioning itself among the top five ranking construction companies in Bahrain by 2012.

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