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FINANCIAL NEWS
Saudi Maaden Alcoa JV, Kentz ink USD32.7m contract
12 Nov 2011
(MENAFN) Kentz Group’s chief executive, Hugh O’Donnell, said that the company’s operating unit Saudi Arabian Kentz Co. Ltd. and Maaden Alcoa aluminum joint venture inked a USD32.7 million electrical and instrumentation deal, reported Arab News.
O’Donnell added that under the contract, Kentz would have to install 30 km power cable, low voltage and control cables, lighting equipments, small power distribution system in addition to instrument field devices and control equipment.
He also said that the project would be forecasted to complete in November of 2013, adding that Kentz started its operations in Saudi since late 1970s, through projects in the oil and gas, petrochemical, mining and industrial sectors.
It is worth noting that the Maaden Alcoa aluminum joint venture awarded the deal to Kentz Corporation Limited, the holding company of the Kentz Engineering and Construction Group, through its operating unit Saudi Arabian Kentz Co. Ltd.
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