Arabtec subsidiary wins $74m in contracts
Four projects spread across Abu Dhabi and Qatar won by Qatar based Target Engineering Construction Company
Target Engineering Construction Company, the Qatar based subsidiary of Dubai’s Arabtec Holding, has won four projects worth a total of $74m in Abu Dhabi and Qatar, it was announced on Monday.
A statement on the Dubai Financial Market website said that two of the projects were for Abu Dhabi Gas Industries (GASCO). One, a subcontract from Samsung Engineering, is valued at $16.6m, and is for the construction of two nitrogen gas injection trains. The second, valued at $11.4m, is for a gas metering system at Shuweihat, GASCO said.
Emirates 24/7, a Dubai based news website, reported that Arabtec said the third project involved installation work for Emirates Aluminium’s Phase II, and had a value of $3.64m.
The fourth project is worth $41.84m and is a sub-contract from Mitsubishi-Toyo Thai Consortium for Qatar Electricity and Water Company’s Ras Abu Fontas Independent Water Project.
Arabtec also announced that its Russian unit had signed a contract worth $123.3m for work on the Gazprom Tower, the headquarters of Gazprom in Saint Petersberg, Russia.
