Arabtec unit secures Saudi offshore marine works deal
DUBAI, November 10, 2020
Arabtec Holding, a leading Dubai-based contractor, said one of its subsidiaries, Target Engineering Construction Company, has won a 14 months sub-contract for the offshore marine works at Jubail region of Saudi Arabia.
The SR145 million ($38.6 million) deal for the Jubail-3A Independent Water Project site was awarded by Shandong Tiejun Electric Power Engineering Company.
This is Target's second contract win within two months. It had in September clinched a AED403.8 million ($110 million) contract from 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 will be providing 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.-TradeArabia News Service
