Saudi Arabia is currently pushing ahead with its plans of developing mega infrastructure and tourism-related projects and strengthening the economy in the run up to the Vision 2030. The Kingdom is currently in a process of transforming itself into an industrial powerhouse and a global leader in various sectors.
Argaam takes a look at some of the important contracts that were awarded by Saudi Arabia in January to begin 2019 on a strong foothold.
Acciona-led consortium wins SAR 3 bln Saudi desalination project
Saudi Arabia’s Water and Electricity Company (WEC) awarded Acciona, along with its consortium partners Marubeni Corporation, Abdul Latif Jameel-CDC and Rawafid Alhadarah Holding Co., the contract to finance, design and build the new Shuqaiq 3 desalination plant.
The project will be implemented under a build, own and operate (BOO) contract, spanning 25 years, and amounting to some EUR 750 million (SAR 3.2 billion).
Saudi Aramco awards two EPCI deals to India’s L&T consortium
State oil giant Saudi Aramco awarded two contracts to a consortium led by India’s Larsen & Toubro (L&T) Hydrocarbon Engineering and Subsea 7. "The award (of projects) consists of engineering, procurement, construction and installation (EPCI) of three oil production deck manifolds and subsea pipelines in Zuluf and Berri fields of Saudi Aramco," L&T said in a Bombay Stock Exchange (BSE) filing.
Read: Top 9 projects due to open in Saudi Arabia in 2019
McDermott wins Saudi storage tank contract
McDermott International has been awarded a contract from Daelim Saudi Arabia for engineering, procurement and construction (EPC) of CB&I storage tanks for the Maaden Ammonia Plant at Ras Al-Khair. The fixed lump sum contract encompasses the engineering, procurement and fabrication of four ammonia tanks and nine CB&I storage tanks. Work on the project will predominantly be executed from Saudi Arabia utilizing McDermott's local capabilities and facilities.
KBR wins SATORP debottlenecking project contract
Houston-based KBR, Inc. announced that it has been awarded a contract by SATORP, a joint venture between Saudi Aramco and Total, to debottleneck Train 2 of its existing 440,000 barrels per day refinery in Jubail in Saudi Arabia. The debottlenecking project is expected to increase the original refinery's throughput by 15 percent, once completed in August 2020, the global energy solutions provider said in a statement.
UAE’s Lamprell wins Saudi contract for two jackup rigs
UAE-based Lamprell received a contract for the construction and delivery of two jackup drilling units from the Saudi maritime joint venture (JV), International Maritime Industries (IMI). According to the letter of intent, the rigs will be built collaboratively between the IMI and Lamprell for delivery to IMI's end client. Discussions are currently ongoing between end client, IMI and Lamprell to conclude the specifications and contract terms which, once determined, will result in final contract signing for the rigs.
Read: Top five downstream stories from Saudi Arabia in 2018
Saudi Arabia awards first $500 mln wind power project deal
Saudi Arabia’s Renewable Energy Project Development Office (REPDO) awarded the $500 million Dumat Al Jandal wind project to a consortium headed by France’s EDF Energies Nouvelles and Abu Dhabi’s Masdar. The 400 megawatts project will be Saudi Arabia’s first utility-scale wind farm. When completed, the wind farm will generate power for up to 70,000 Saudi households and is expected to create almost 1,000 jobs during construction and operation.
UK air conditioning firm seals Riyadh Metro supply deal
High-tech manufacturer Airedale International Air Conditioning has been awarded a $1.27 million export order to supply specialized air-conditioning units for Riyadh Metro, the UK-based company said in a statement. The Airedale ‘EasiCool’ units for the metro are designed for precision applications and will be used to cool the server rooms incorporated in the new metro stations currently under construction, said the statement.
National Education awards SAR 25 mln educational complex contract
National Company for Learning & Education (NCLE) awarded AJA construction a SAR 25.4 million worth contract to build an educational complex in Dammam. The planned educational complex will span 20,500 square meters and will accommodate 3000 students. Construction will take 18 months.
Write to Paromita Dey at paromita.d@argaamplus.com
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