UAE’s ASGC ‘on track’ with $90m Abu Dhabi oil and gas projects
Contractor says it will compete ADNOC and Al Hosn Gas projects on schedule in 2016
Al Shafar General Contracting (ASGC), the UAE-based construction group, says its projects with Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Gas Development Company (Al Hosn Gas) are on track for completion in 2016.
Both projects were awarded in 2014, the contractor said in a statement. The ADNOC project is a $42.4 million project to build a 206-room guest house and supporting facilities in Al Ruwais, while the Al Hosn Gas project is a $44.6 million contract to construct a compound and residential accommodation complex in Qusahwira.
“In line with our diversification strategy, we are capitalising on sector opportunities across the region and are continuing to broaden our business as we move our construction expertise into residential and hospitality components of the oil and gas sector,” said Bishoy Azmy, chief executive of ASGC.
“On behalf of the entire ASGC team, I am pleased to confirm that our projects with ADNOC and Al Hosn Gas are well underway and scheduled to be completed next year. These projects will provide excellent reference sites for our business as we continue our growth momentum.”
Founded in 1989 in Dubai, ASGC covers a range of market sectors, including residential, commercial, hospitality, healthcare, industrial, leisure, infrastructure, and oil and gas.
In addition to undertaking large-scale construction projects, ASGC also offers a number of related construction products and services, including mechanical electrical and plumbing (MEP) services and structural steel, ready-mix concrete and pre-cast concrete products, as well as interior fit-outs through a number of subsidiaries.
