Middle East Economic Survey


No 27



Topaz To Build Fujairah Petroleum Storage Terminal

Omans Topaz Engineering has been awarded a $45mn engineering, procurement and construction (EPC) contract by UAE-based Gulf Petrochem for the first phase of construction of a petroleum storage terminal at Fujairah, it said on 28 June. Once completed the facility, located on a 200,000 sq ms site adjacent to the Port of Fujairah, will have a capacity to store over 1mn cu ms. It will be...