Amiantit wins $ 20 million GCC contracts
Posted: 12 April 2006
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Saudi Arabian Amiantit Company, parent of the Amiantit Group was awarded five contract awards to supply pipe systems for major projects in GCC countries with a total value of SAR 76 million.
The biggest is for two contracts in Qatar , the Qatar Pr imary Road – Dukhan project worth $ 7.5 million and the New Doha International Airport project worth $ 3.7 million, making a total of US$ 11.2 million.
The order from Abu Dhabi is for water supply for the Ghayathi and Hamra Military project with a value of $ 4.26 million. The remaining orders are from Oman ; the Shinas Wilayat water supply project worth $ 2.6 million and the Saham water supply project worth $ 2.1 million.
The news follows Amiantit's recently published forecast that sales in 2006 will surpass $800 million, including substantial projects that are currently under negotiation in the Kingdom and other countries around the globe.
Eng. Fareed Al-Khalawi, Pr esident & CEO of Amiantit said: "Over a period of more than three decades Amiantit has made an important contribution to the municipal and industrial infrastructures of Saudi Arabia and our neighbours in the Gulf.
"Now that we have grown into a leading global industrial group with activities in countries all around the world, we are delighted that we continue to play a leading role in local and regional development projects that are designed to improve the daily lives of GCC citizens."
Posted by Editor Offshore Arabia Magazine
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