Sabic awards $150mn EPC deal to Wison Engineering
Park and plants project is part of ongoing expansion plan in the industrial city and represents Sabic’s biggest investment in innovation globally
Wison Engineering Services Company has announced that one of its subsidiaries has won a $150 million engineering, procurement and construction (EPC) contract from Sabic.
The contract is for a utilities park and pilot plant project in Jubail, Saudi Arabia.
As per the terms of the agreement, Wison will begin working on the project immediately. Once complete, the fully-integrated complex will be the biggest of Sabic’s 21 global technology and innovation centres, spread across different regions.
The agreement was signed by Zou Yu, president of Wison Engineering (Middle East) and Dr Fahad Al Sherehy, Sabic vice president, Technology and Innovation, in the presence of senior company officials. Yu said that his firm has already delivered seven EPC projects on schedule to Sabic since 2012.
“We are also glad to get the Sabic project again. Based on our rich successful experience of seven projects that Wison has delivered, we will continue working hard to achieve the successful delivery of the project with excellent management and project execution,” stated Yu.
Earlier this year, Wison Engineering set up its Middle East Operation Centre in Saudi Arabia. The company says the move demonstrates the importance of the Middle East market in its global strategic development.
Zheng Shifeng, senior vice-president of Wison Engineering, added: “The signing of the contract demonstrates the recognition of international clients for our capability to implement EPC projects in the petrochemical sector and enhances Wison Engineering’s reputation among the suppliers of project owners, laying a foundation for us to fight for larger scale projects in the future. We will continue provide premier services to clients, strengthen the bond of trust with them and proactively respond to the Saudi Government’s vision 2030 in order to create more values for local clients and drive social and economic development.”
