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FINANCIAL NEWS
Saudi Addar awards USD35m contract to India’s Nuberg
28 Mar 2015
(MENAFN) Saudi Addar Chemicals Company has awarded a USD35-million contract to Indian group Nuberg Engineering for a chemical plant in Jubail, Arab News reported.
The engineering, procurement and construction (EPC) contract for Addar’s Greenfield Sulfolane and speciality chemical plant is seen as a major win for Nuberg.
The entire project is worth USD60 million all-inclusive. The turnkey project was bagged against several global competitive bids by major international EPC contractors originating.
Addar, one of the leading conglomerate firms in Saudi, was formed as an independent entity by Ibrahim bin Salamah, ex-managing director and vice chairman SABIC.
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