HomenewsBusiness NewsDubai’s Arabtec awarded $54m Saudi Aramco contract

Dubai’s Arabtec awarded $54m Saudi Aramco contract

  • July 22, 2020
  • Posted by: Administrator
  • Category: Business News
No Comments
Dubai's Arabtec awarded $54m Saudi Aramco contract


Contract awarded to Target Engineering Construction Company to replace five storage tanks at Ras Tanura Refinery in Eastern Province

A unit of Dubai’s Arabtec Holding has been awarded a SAR200 million ($54m) contract by Saudi Aramco to replace five storage tanks at Ras Tanura Refinery in Eastern Province, Saudi Arabia.

The contract, awarded to Target Engineering Construction Company, includes the replacement of three naphtha storage tanks and two slop oil storage tanks.

“We are delighted to be continuing to build our relationship with Saudi Aramco in the Kingdom of Saudi Arabia,” said Arabtec’s Group CEO, Wail Farsakh. “In line with our strategy, this important award further builds the group’s presence in the oil and gas sector.”

Arabian Business: why we’re going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.





Source link



Leave a Reply