(RTTNews) - Thursday, construction and security technology company MDI, Inc. (MDII: News ), announced that its construction risk management subsidiary, FAS Construction Management, is selected to provide construction management and construction risk management services on five new projects in Mexico. These projects include residential, resort and retail centers in multiple cities, at an estimated combined value of $100 Million.
The company said that three of the five new projects were awarded as repeat business from existing clients and the remaining two were awarded by new clients. For the projects from existing clients, involving the construction of retail centers in Tapachula, Nuevo Vallarta and Tijuana, FAS would manage all construction phases and act as a consultant to the owner.
For the first project from new clients, a high-rise residential condominium development located in Mexico City, FAS would perform construction management advisory services on behalf of the Miami-based lender. For the second project, located in the popular tourist destination of Nuevo Vallarta, FAS would provide full construction management services, the company said.
MDII closed Wednesday's regular trading session on Nasdaq at $0.45.
by RTT Staff Writer