Ausenco Limited (ASX:AAX) has won a contract in Saudi Arabia to deliver two gold projects worth $150 million.
The company will manage all aspects of developing the projects which are due to be completed by March 2014.
The services will be undertaken by Ausenco’s 50 per cent joint venture, Ausenco Saudi Arabia.
The company says the project positions Ausenco to take advantage of Saudi Arabia’s developing mining sector.
Ausenco posted a net profit of $7.7 million in the first six months of 2011.
