Arabtec Saudi Arabia L.L.C is in alliance with CPC Services Company, a member of the Saudi bin Laden Group and Al - Mawrid Holding, a leading Saudi group engaged in diverse investments and business activities in KSA. With a booming construction sector, Saudi Arabia needs one million new houses by 2014 to cater for population growth and offset shortages in residential, commercial, retail and hospitality property in Riyadh, Jeddah, Mecca, Medina and the Eastern Province. Arabtec is in an ideal position to take advantage of this huge building programme and the new company represents a natural expansion of its activity in the region. Arabtec’s projected backlog for its first year in Saudi Arabia is in excess of 3.5 Billion Riyals, while the projected turnover will rise to up to 5 Billion Riyals within three years.