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Alfanar, Daewoo Sign Cooperation Deal on O&G, Petrochem Projects

Alfanar Construction, a leading EPC (engineering, procurement, and construction) contractor in Saudi Arabia, said it has signed an agreement with Korean group Daewoo Engineering and Construction to explore opportunities for joint collaboration in the construction of ‎oil, gas and petrochemical projects across the kingdom.

 

The deal was inked by Alfanar Executive Vice President Amer Al Ajmi and Daewoo E&C Senior Vice President Sungmin Yang in iktva 2023 Forum & Exhibition being held at Dhahran Expo Center.

 

Alfanar said as a leading Saudi company, it continues to contribute heavily towards developing local content and achieving sustainability in the energy sector.

 

Through this agreement, the duo will work on transferring and localizing expertise in the engineering construction field and exchange the expertise of advanced technologies used in design, procurement, and project execution, it added.

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