Middle East Economic Survey


No 48



Takreer Awards Ruwais Port Construction Contract To Koreas GS

The Takreer unit of Abu Dhabi National Oil Company (ADNOC) has awarded a $520mn contract to South Koreas GS Engineering and Construction for construction of port facilities at Ruwais, 250km west of Abu Dhabi. The port will handle crude oil and products. Earlier this month GS won a $3.1bn contract to build a residue fluid catalytic cracker for a new refinery at Ruwais. The plant...