HBC wins contract for Kuwait oil project

Wednesday, Dec 27, 2017 09:50

Hoa Binh Construction Corporation (HBC) won a contract to produce reinforced concrete for a refinery project in Kuwait, the corporation said on Monday. — Photo cafef.vn

Hoa Binh Construction Corporation (HBC) won a contract to produce reinforced concrete for a refinery project in Kuwait, the corporation said on Monday.

Hoa Binh Construction Corporation (HBC) signed a co-operation agreement with United Gulf Construction Company (UGCC) — the second-largest construction company in Kuwait – to implement a reinforced concrete package as part of the Kuwait Government’s Al Zour Refinery Project, with a bid worth US$20 million.

The Al Zour Refinery is the largest refinery project in Kuwait with total investment of $30 billion.

In Kuwait, HBC also successfully negotiated the first package of the Criminal Evidence Headquarters project worth some $35 million (VND800 billion) with HOT Engineering and Construction — HBC’s strategic partner. This is a key project of the Kuwait government with a very special design. This key project has total investment value of $155 million (VND3.5 trillion).

In May 2017, HBC signed a co-operation agreement with Kuwait-based HOT Engineering & Construction, marking another step in the company’s Middle East market development strategy.

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