Business & Money | Thursday 7 January, 2016 5:24 am |

Saudi Aramco has signed a second contract to build homes for its employees, the state-owned oil company said in its weekly magazine The Arabian Sun.

The contract to build 791 homes is part of plans to build more than 8,000 homes in total, as well as schools and community facilities.
The new development on a 10-square kilometer plot of land in Dhahran is 8 km southwest of Aramco’s headquarters.
The cost and timeframe of the project, to be built by a consortium of Saudi-based Azmeel Contracting and China’s Sinohydro Corporation, was not disclosed.
In September, Aramco said Azmeel had been awarded the first contract in the project to build 955 homes. 
Aramco’s workforce grew to almost 62,000 in 2014 from just over 57,000 the year before as the company expands its activities.
Aramco already has many gated communities. The largest is at its Dhahran headquarters, with a population of 10,000 people.