Business | Construction
Al Mojil wins $400m construction deals
Saudi Arabia's Mohammad Al Mojil Group has won construction contracts worth 1.5 billion Saudi riyals ($400 million) from Saudi Kayan, taking its total orderbook to 2.7 billion Saudi riyals, a company said.
- Staff Report
- Published: 23:21 December 10, 2007
Dubai: Saudi Arabia's Mohammad Al Mojil Group has won construction contracts worth 1.5 billion Saudi riyals ($400 million) from Saudi Kayan, taking its total orderbook to 2.7 billion Saudi riyals, a company said.
Mohammad Al Mojil Group will provide a wide range of construction services to Saudi Kayan's petrochemical complex at Jubail.
Nicholas Al Khoury, president and chief executive officer of Mohammad Al Mojil Group said, "Projects which are currently being executed by the Group exceed four billion riyals. This is due to the strong performance of MMG and the confidence of the industrial sector in the company. Against this backdrop, we believe the year will see continued positive developments for our business from a financial and operational perspective".
The contract, which commenced in September, involves general construction works on a new plant in Jubail, including civil, structural, electrical, instrumentation and piping. The contract follows a number of other new projects that have been awarded to Mohammad Al Mojil Group in the Kingdom so far in 2007.
Other projects
The company's other projects won to date in 2007 include an 18-month contract with Saipem-SNC Lavalin, to provide a range of complex mechanical and piping works services at the Saudi Aramco Khurais Water Injection Pump Station in Uthmaniyah, Ain Dar, Hawiyah and Haradh; an eight-month contract with Foster Wheeler Energy to provide piping fabrication, steel erection and associated electrical and instrumentation works at the Sharq third expansion project in Jubail; a nine-month contract with ABB Lummus Global to provide Site Preparation and Mechanical Shutdown works at Saudi Aramco's Jubail refinery and a 24-month contract with Samsung Engineering Company to provide general construction works at the Saudi Arabian Mining Company (Ma'aden) in Raz Ar Zawr.
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