At the time of Arkad
's selection in April 2019, it was announced that it had beat out entities such as the DZZD Consortium Gas Development and Expansion in Bulgaria, which is made up of Italy's Consorzio Varna 1 and the Bulgarian branch of Luxembourg-registered Completions Development Association, to win the contract.
The proposal of the Saudi-led consortium Arkad
includes the lowest prices both of all activities from the subject matter of the procurement at a maximum allowable implementation deadline of activities of 250 days, and in case of implementation of all activities from the subject-matter of the procurement at a maximum allowable implementation deadline of activities of 615 days, it added.- TradeArabia News Service
saved money for a year and "invested" it with a friend and promptly blew it all.
ABBs current oil & gas EPC business will be transferred into the new JV company, in which, Arkad
will have majority and controlling interest.
In the case of the Arkad
mall, 1.7 million consumers live within a 30-minute drive of the facility.
Arkad, a leading engineering and integrated projects company based in Saudi Arabia, said it has signed an strategic co-operation agreement with global engineering and industrial solutions powerhouse Bilfinger to help accelerate growth and drive localisation in the kingdom.
Arkad is a fully integrated EPC contractor offering innovative solutions to the hydrocarbon and energy sector across the kingdom.
Arkad, a leading Saudi engineering and construction company, has signed a facility agreement worth up to SR202.65 million ($54 million) with Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank.
The facility, which will mature in the first half of 2019, is intended to support Arkad's construction of the Master Gas System (Package 2), a project in Saudi Arabia.
Arkad, a leading Saudi engineering and construction company, announced that it has signed a facility agreement with Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank and a leading lender to the Arab energy industry.
The facility is worth up to SR202.65 million ($53.97 million) and is intended to support Arkad's construction of the Master Gas System (Package 2), a project in Saudi Arabia.
ABB, a pioneering technology leader, said its industrial automation division has joined hands with Saudi-based Arkad
Engineering and Construction to set up an oil and gas EPC (engineering, procurement and construction) venture.