Spain's Grupo ACS bags Dh968m deal to build waste plant for Adnoc

Spanish contractor Grupo ACS has been awarded a €235 million (Dh968m) contract to build a plant capable of handling industrial waste from refineries in Abu Dhabi. The contract will be carried out by Grupo ACS’s engineering subsidiary, Intecsa Industrial, on behalf of the Abu Dhabi Oil Refining Company, Takreer, which is a subsidiary of Abu […]

Spanish contractor Grupo ACS has been awarded a €235 million (Dh968m) contract to build a plant capable of handling industrial waste from refineries in Abu Dhabi.

The contract will be carried out by Grupo ACS’s engineering subsidiary, Intecsa Industrial, on behalf of the Abu Dhabi Oil Refining Company, Takreer, which is a subsidiary of Abu Dhabi National Oil Company (Adnoc).

Intecsa said it will design, procure, construct and commission a plant capable of treating industrial waste from all of Adnoc’s affiliates across Abu Dhabi.

The plant will be based at Adnoc’s Ruwais complex, 250 kilometres west of Abu Dhabi City.

Work on the contract is due to start next month and take 39 months to complete, finishing in the second half of 2019.

Intecsa Industrial said that it is currently running one other project for Adnoc and recently completed two others — one at a refinery in Abu Dhabi City and the other in Ruwais.

Grupo ACS is the world’s biggest construction company. In 2015, the Madrid-based company more than doubled its net profit to €1.05 billion on revenue of €34.9bn. Alongside its own operations in Spain and South America, the group has held a controlling stake in German construction giant Hochtief since 2011. In 2014, Hochtief also took over Australian contracting giant Leighton Contractors (now CIMIC), which itself owns a 45 per cent stake in Dubai-based contracting group Habtoor Leighton. It bought the stake in 2007 for Dh3.2bn.

mfahy@thenational.ae

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Source: Business

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