Marble deal signed by Saudi Binladin

Marmi-di-Carrara

One of Saudi Arabia’s largest construction companies, Saudi Binladin Group (SBG), has announced that one of its divisions has bought a 50% stake in Italian marble manufacturer Marmi di Carrara in a deal worth $61m.

SBG’s Saudi Marble & Granite Factory Company already has close ties with the Tuscan firm, having bought around a fifth of the company’s output last year.

Among the projects that Saudi Marble & Granite has worked on include ministry buildings and palaces in Saudi Arabia, as well as Dubai International Airport, Abu Dhabi International Airport and New Delhi Airport.

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According to the company’s website, Saudi Marble & Granite already produces 100,000m3 of marble and granite from 14 quarries across the kingdom.

It established two new agencies, in Germany and Turkey, last year to help expand its exports.

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