Seven firms vie for $1bn Saudi quay contracts - Emirates24|7

Seven firms vie for $1bn Saudi quay contracts


Seven international and Saudi companies are expected to submit bids for two contracts worth more than $1 billion to start construction on a petrochemicals quay in Jubail, Saudi Arabia, London-based MEED reported, without citing a source.

The quay at King Fahd Industrial Port is being developed to help cope with the massive amounts of petrochemical products due to come on stream nearby over the next three years, the magazine said.

The companies bidding for the quay's first-phase construction work, with an April 20 deadline, include China Harbour Engineering Co, Belgium's Jan de Nul and the Netherland's Van Oord and Royal Boskalis Westminster.

Geneva-registered Archirodon, Saudi Arabia's Huta and South Korea's Hyundai Engineering & Construction Co will also join the bid, the magazine said.

More than $20 billion is being spent on expanding capacity in Jubail, including the production of more than 2 million tonnes a year of polyethylene and polypropylene, according to the magazine. (Reuters)