Sinoma International Signs US $330 Million EPC Contract with Southern Province Cement Company of Saudi Arabia

China National Materials International Engineering Co., Ltd. (Hereinafter referred to as the "Company") and Saudi Arabia's Southern Province Cement Company (Southern Province Cement Company) announced in the evening of the 18th of the International Month of

China Materials. Hereinafter referred to as the "Owner") signed the EPC Contract for Line 3 Project of Jizan Plant of Nanfang Cement Company, with the contract amount of USD 330 million.

The project is located in Jizan, Saudi Arabia. The content of the contract is to build a new clinker cement production line with a daily output of 5000 tons from limestone crushing to the delivery of packaged cement products. It covers engineering design, equipment procurement and supply, civil construction, mechanical and electrical equipment installation, commissioning, personnel training, etc.

The contract stipulates that the construction period of the project is 27 months from the owner's receipt of the company's advance payment guarantee and performance guarantee, the company's receipt of the owner's letter of credit and advance payment, and the owner's handover of the main construction site to the company.