Al Shafar’s Adnoc and Al Hosn Gas projects on track

Abu Dhabi: Al Shafar General Contracting Company (Asgc) said that its existing projects with Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi Gas Development Company Ltd (Al Hosn Gas) are on track for completion by 2016.

The projects awarded in 2014, include a Dh156 million project with Adnoc to build a 206-room guesthouse and supporting facilities in Al Ruwais and a Dh164 million contract with Al Hosn Gas to construct a compound and residential accommodation complex in Qusahwira, the company said in a statement.

According to the company, the projects reflect the success of Asgc’s ability to diversify its construction skill set within the residential space and apply it to high-growth industry sectors such as oil and gas.

“In line with our diversification strategy, we are capitalising on sector opportunities across the region and are continuing to broaden our business as we move our construction expertise into residential and hospitality components of the oil and gas sector,” Bishoy Azmy, chief executive officer of Al Shafar General Contracting Company, said.