Cape wins contracts worth $19.1 million in Saudi
Wednesday, November 15, 2006
Cape PLC, has announced that its Saudi based subsidiary has been awarded contracts in Saudi Arabia totalling US$19.1 million.
The contracts are to provide refractory and scaffolding services at the Petro-Rabigh Fluid Catalyst and Ethane Cracking Plant, and at the Khursaniyah Gas Plant.
Cape's subsidiary is also to provide thermal insulation and scaffolding services at the Juaymah Gas Production Plant and the Sharq III Ethylene Plant.
Cape's Chief Executive, Martin May said: 'These contract awards from leading EPC and mechanical companies are extremely pleasing. They demonstrate that our Saudi Arabian operation is at the leading edge of the significant industrial expansion taking place in the Kingdom, and is participating in projects for both the Kingdom's national oil company, Aramco, and its national petrochemical company, Sabic'.
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