The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Abu Dhabi's economy in a booming stage with new projects unfolding in oil and gas

posted on 12/11/2014: 2927 views



Abu Dhabi's economy is in a booming stage with new projects unfolding in the oil and gas sector of the emirate, transforming the capital city into a major regional hub of economic and industrial activities with a strong future outlook.

"Abu Dhabi is going to be a big market when all the previous projects have ended, and six months from now there will be another boom of projects in oil and gas, some power plants are coming, there are couple of projects coming in Fujairah as well, some refineries, LNG plants etc.," Muhammad Iqbal Khan, General Manager, DESCON, told WAM in an interview on the margins of the ADIPEC 2014.

He said that the company is strengthening its presence in Abu Dhabi which is a regional hub for robust economic activities and from here the intent is to go Oman, and Iraq. "At the moment, more focus is on Abu Dhabi, where our strength is more than five thousand." He informed that the company recently completed rig construction project in Abu Dhabi, and targeting some more projects with various Abu Dhabi National Oil Company (ADNOC) group of companies.

"We are doing EPC - Engineering Procurement Construction projects, one is with Borouge and the other is with GASCO. The project with GASCO is already completed, and with Borouge it is around 20 percent done." The value of the GASCO project, the Habshan Acid Gas Flare Recovery Project, was around US$50 million.

"In the Borouge EPC project, we are modifying some old plants of the company. And it is more like an environment friendly project worth US$100 million dollars concerning to flare recovery." "We have another business, Hamriyah Manufacturing Works in Sharjah, specialised for static equipment manufacturing and from there we are supplying to South America, Saudi Arabia, Australia, Syria, Egypt, Iraq and Oman. - Emirates News Agency, WAM –

http://www.wam.ae/en/news/economics/1395272273243.html

RELATED ARTICLES

19 June 2017 Zakher Marine International, Quality Marine Services build three offshore barges at cost US$350
19 June 2017 UAE energy strategy to save up to AED700 billion by 2050: Minister of Energy
18 May 2017 ADNOC signs agreement with Penthol for Group III Base Oil Sales into US
17 May 2017 Development of young Emirati talent a priority for ADNOC, says Al Jaber
09 May 2017 UAE produces 208 million barrels of crude during Q1 2017


Most Read