Latest news with #HeavyEngineeringIndustriesandShip-buildingCompany
Zawya
01-05-2025
- Business
- Zawya
Kuwait's HEISCO wins KOC vessel service deal
Kuwaiti-listed Heavy Engineering Industries and Ship-building Company (HEISCO) said on Thursday it has won a contract for vessel dry-docking services. The contract, awarded by state-owned Kuwait Oil Company (KOC), has a value of 4.9 million Kuwaiti dinars ($16 million), HEISCO said in a bourse disclosure statement. The contract involves 'provision of dry-docking services for KOC marine vessels, the statement said. 'HEISCO has received a letter of award for the tender from KOC,' it said, adding that the contract's financial impact would be announced later. (Writing by Nadim Kawach; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Trade Arabia
20-03-2025
- Business
- Trade Arabia
Kuwaiti group Heisco lands Saudi Aramco project work
Kuwait's Heavy Engineering Industries and Ship-building Company (Heisco) has announced that it has been awarded a major contract for civil and mechanical work at Saudi oil giant Aramco's Abqaiq oil facilities in Eastern Saudi Arabia. The SAR257.5 million ($69 million) deal was signed with the Engineering for the Petroleum & Process Industries Company (Saudi branch), the main project contractor, to 'debottleneck production facilities' in Abqaiq, said Heisco in its filing to Boursa Kuwait. The entire 'civil and mechanical package' at Abqaiq facilities will be completed by H1 2027, it added. -TradeArabia News Service
Zawya
17-03-2025
- Business
- Zawya
HEISCO signs $69mln Saudi Aramco deal
Kuwait's Heavy Engineering Industries and Ship-building Company (HEISCO) said on Monday it has signed a contract for civil and mechanical work at Saudi Aramco's Abqaiq oil facilities in Eastern Saudi Arabia. HEISCO said in a statement on Kuwaiti bourse that the deal has a value of 257.5 million Saudi riyals ($69 million) and was signed with the Engineering for the Petroleum & Process Industries Company (Saudi branch), the main contractor of the project to 'debottleneck production facilities' in Abqaiq. The Company will execute 'civil and mechanical package –non early scope' at Abqaiq facilities, HEISCO said, adding that the project would be completed within 865 days. (Writing by Nadim Kawach; Editing by Anoop Menon) (
