Petrofac Target wins projects worth Dh835m

Dubai: Target Engineering Construction Company, a subsidiary of Arabtec Holding, was awarded two projects in Abu Dhabi with a total value of Dh835 million.

The first project was awarded by Takreer for the Sea Water Intake 3 project and its associated pumping facilities for completion in 28 months and its value was put at Dh358 million.

The second project was awarded by the joint venture Petrofac-GS to execute a sea water intake system and pipeline for the Gasco Ruwais fourth NGL Train project for a duration of 20 months and is worth Dh477 million.

The projects include engineering, construction and commissioning works.

"The two new projects enforce our strategy to position Target as a leading company in the construction sector and especially in marine engineering and construction projects. We are looking forward to future collaboration on other projects with Takreer and Petrofac-GS," Ayman Taji, CEO of Target, said in a statement.