The list also includes the Al-Seif Company for Engineering and Construction as well as the Al-Arrab Contracting Company, which is owned by Al-Rajihi Bank. There were also two companies who made offers to implement the project. These are the American company DRS Technologies for Defense Equipment and the South Korean company LG Electronics.
An official at Al-Seif Company, who asked not to be identified, said: "There are several alternative options in the presentations because of the complex nature of the project. It is difficult to determine the value of the project." Two other contractors said that the project would cost around four billion riyals (US$1.07 billion) and that it forms part of a broader defense plan for securing the country's borders with the length of 5,600km.
Saudi Arabia plans to enhance border security by adding hundreds of coastal monitoring stations, communication networks, radar equipment and reconnaissance planes in different parts of the country.
The cost of such a plan will be about 20 billion riyals (5.33 billion dollars), according to sources.
Source: Iraq Directory
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