Saudi’s Gas Arabian Services announces the receipt of LOIs for $202.8 million EPC contracts
29 February 2024Gas Arabian Services Co. (GAS), Saudi Arabia announced in a statement that it has received two non-binding letters of intent (LOIs) from Saudi Aramco for engineering, procurement, and construction (EPC) contracts.
The Combined value of the contracts are worth SAR 760.9 million.
The Project Scope involves the the expansion of the Master Gas System network (MGS) from SHEDGUM to east-west pump stations-1 (EWPS-1), as well as the expansion of the MGS in the East and Qassim Clusters.
GAS stated that the expansion of the MGS from SHEDGUM to EWPS-1 contract is valued at SAR 344.6 million, while the other project costs SAR 416.3 million.
The LOIs are valid for 90 days from the signing date, subject to sealing a final contract in writing between the two companies.
Related
-
Nigeria to start designing 1,000km north-south highway
3 May 2024
-
Serbian leg of Belgrade-to-Budapest railway to open this year
3 May 2024
-
EAC Hands Over Site For Kenya/Uganda Road Project
2 May 2024
-
Chicago Bears announces plans to build $4.2bn stadium
2 May 2024
-
Nigeria’s Ogun State Advances With Transport Projects
2 May 2024
-
Saudi Arabia foregoes April nuclear bid deadline
2 May 2024