Arabtec unit wins $56m contract for Shah gas
Dubai, February 20, 2011
A unit of Dubai-based Arabtec Holding has won a 206 million UAE dirham ($56.08 million) construction contract for the Shah Gas development project in Abu Dhabi, the company said.
Target Engineering Construction Co would start work on the project from March 1 and construction was expected to last 33 months, Arabtec said in a statement released on the Dubai bourse.
The contract awarded by Italy's Saipem SPA includes construction of 12 substation buildings and equipment shelters with a total area of 20,000 sq m.
Abu Dhabi National Oil Company (Adnoc) has awarded Occidental Petroleum its giant $10 billion Shah gas project, after US energy major ConocoPhillips pulled out of the project last year. - Reuters