Wednesday 30 September 2020
 
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Arabtec unit wins $110m Abu Dhabi EPC contract

DUBAI, 15 days ago

Arabtec Holding, a leading contractor for social and economic infrastructure, said one of its subsidiaries, Target Engineering Construction Company has been awarded a AED403.8 million ($110 million) contract by Abu Dhabi Company for Onshore Petroleum Operations (Adnoc Onshore) for its key facility at Jebel Dhanna in Abu Dhabi.
 
Under the 20-month contract, Target Engineering Construction Company will provide engineering, procurement and construction (EPC) services for crude receiving facilities at the Jebel Dhanna Terminal to import Upper Zakum and non-system crude and transfer it to the Ruwais Refinery West, said Arabtec in its filing to the Dubai bourse.
 
On the key win, Arabtec Group CEO, Engineer Wail Farsakh said: "We are delighted to  continue building our relationship with Adnoc in the UAE."
 
"This is in line with our strategy, this important award further builds the group’s presence in the oil and gas sector," he added.-TradeArabia News Service



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