Rotary Engineering has been awarded three contracts In Saudi Arabia by international EPC players for projects in Jubail Industrial City (Jubail).
The first contract is for the EPC of 14 tanks for an elastomers plant that produces high specification synthetic rubber of various types.
The second is a contract is for the erection of 28 tanks at the Sadara South Tank Farm, which is also part of the Jubail petrochemical complex.
A third contract is for fabrication works at a multi-feed petrochemical cracker in one of the world’s largest petrochemical complexes being built at Jubail.
“These contracts in Saudi Arabia are an indication that the Middle East continues to offer many business opportunities for oil and gas infrastructure engineering,” said Rotary’s chairman and managing director, Mr Chia
Kim Piow.
Earlier this month, Rotary set up a representative office in Muscat, the capital of the Sultanate of Oman. The representative office will explore business opportunities in Oman. Oman is strategically located at the mouth of the Persian Gulf which
shares its borders with the United Arab Emirates (UAE) to the north-west and Saudi Arabia to the west. In a recent media report, it was announced that $65 billion of projects in key sectors of the economy will be awarded between 2013 and 2017,
which is double the value of projects in the last five years.
One significant project in Oman’s aggressive expansion programme is the $10 billion refinery and petrochemical complex at Duqm. Notably, the sovereign fund of the Oman government, the Oman Investment Fund owns 21.38% of Rotary and has given
strong support for her entry into the market. Year to date, Rotary has secured over S$600 million worth of contracts and the Group is currently working on two major projects, namely the $250 million EPC contract for the Fujairah Oil Terminal in the United Arab Emirates and the S$300 million project for expansion of oil terminal at Pulau Busing in Singapore. These two projects are scheduled to be completed within the next two years.
