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FINANCIAL NEWS
Oman’s Majis signs EPC contract with joint venture
05 Mar 2014
(MENAFN) Oman’s leading integrated industrial water solutions provider Majis Industrial Services has signed an engineering, procurement and construction (EPC) with a joint venture, Times of Oman reported.
The USD70 million contract is for the construction of Sea Water Intake Pumping Station 2 (SWIPS2) at the Sohar industrial port area.
The company signed the contract with a joint venture formed by Spanish infrastructure firm Tecnicas Reunidas and the Belgian construction group BESIX’s Middle East arm Six Construct.
The contract, awarded through a tendering process, is expected to complete in 27 months.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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