Boskalis in $1.6bn Abu Dhabi port contract
Abu Dhabi, October 1, 2007
Dutch dredging group Royal Boskalis Westminster NV said on Monday it has received a letter of intent from Abu Dhabi Ports Company to build a new offshore port in Abu Dhabi in a deal worth 1.1 billion euros ($1.57 billion).
Boskalis said its share of the contract for the first construction phase of the offshore Khalifa Port came to about 670 million euros.
The world's largest dredger will carry out the project with its subsidiary in the Middle East, Archirodon, and a South Korean company identified only as Hyundai. Work will begin this month and is expected to last four and a half years.
'This project provides Boskalis with a good baseload utilisation of its jumbocutters for the coming four years,' Boskalis said in a statement. - Reuters
More Industry, Logistics & Shipping Stories
- IAA re-boots for 75th anniversary
- Bahrain port welcomes largest container vessel
- Dubai gold refiner wins ISO certification
- DP World extends maturity date on $1bn loan
- HK apparel group inks tenancy deal with BIO
- DHL wins ‘best employer' award
- Drydocks to host top shipping forum in Dubai
- DHL holds family fun day
- DMCA begins issuing marine driver’s licence
- RSA-Talke to set up storage facility in Dubai