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GS E&C Lands $865M Construction Order from UAE
GS Engineering & Construction Corp. (GS E&C) announced on June 30 that the contractor received a US$865 million order from UAE Takreer (a wholly-owned subsidiary of Abu Dhabi National Oil Company) on June 30.
GS E&C received an order to build the plant in 2009 and completed and delivered it in the Ruwais Petrochemical Complex 250 km west of Abu Dhabi, the capital of UAE, in November 2016. However, in January of this year, during the period of operation by the client, a fire broke out, damaging many parts such as gasoline and propylene production facilities. The repair cost will be covered by the client's insurance.