SABIC awards $150 mln EPC contract to China’s Wison Engineering
A subsidiary of China-based group, Wison Engineering Services Company, secured a $150 million engineering, procurement, and construction (EPC) contract from SABIC for a utilities park and pilot plants project in Jubail.
The park and plants project is part of the ongoing SABIC Technology Centre expansion plan in the industrial city, marking its biggest investment in innovation, globally.
As per the deal, Wison Engineering Services Company is set to start work on the project and once the expansion is completed, the fully-integrated complex will be the biggest of SABIC's 21 global technology and innovation centres spread across different regions.
"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," Zheng Shifeng, senior vice-president of Wison Engineering, said.