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FINANCIAL NEWS
Al Hassan Engineering’s Abu Dhabi unit wins USD35m contracts
08 Sep 2014
(MENAFN) Abu Dhabi’s Al Hassan Engineering Co LLC has been awarded three contracts worth US$34.65 million, Times of Oman reported.
Al Hassan Engineering announced receiving a letter of award from Takreer, the Abu Dhabi-based oil company, to manufacture, supply, test and commission four three-way values for the hydrocracker plant at Ruwais.
The deal is estimated to be worth USD1.93 million and is set to begin in September and to last for around 12 months.
In addition, the company received USD14.25 million sub-contract from Hyundai Engineering and Construction Company for the construction of temporary site facilities at Satah al Razboot field development, with the project expected to begin in September and last for 8 months.
Al Hassan Engineering Co Abu Dhabi also received a sub-contract from Hyundai Engineering and Construction Co for USD18.46 million for building works linked to the Satah al Razboot field development, with the project set to last for 20 months starting from December 2014.
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