Fluor wins Saudi aluminum plant contract
DUBAI: Engineering and construction company Fluor Corp. has won contracts worth more than $1 billion for a highway project in the United States and an aluminum plant in Saudi Arabia, the company said yesterday.
Fluor's Fluor Enterprises Inc and its partner Transuburban Drive USA Investments LLC closed a $925 million contract with the state of Virginia to build new lanes on Interstate 95.
Fluor will book $691 million from that contract in the third quarter, it said.
The company also was awarded a contract from Maaden and Alcoa Inc. to provide engineering, procurement and construction management services for an automotive sheet facility in Ras Al-Khair, Saudi Arabia.
Fluor added $337 million to its backlog of contracted work in the second quarter.
Fluor wins Saudi aluminum plant contract
Fluor wins Saudi aluminum plant contract
India seals $3bn LNG agreement with UAE
- Leaders hold talks to strengthen trade, defense ties
NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.
The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian Prime Minister Narendra Modi.
They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.
Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.
ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.
“India is now the UAE’s largest customer and a very important part of ADNOC Gas’ LNG strategy,” the company said.
The UAE is India’s third largest trading partner and Sheikh Mohammed was accompanied by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.
Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.
“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in particular ways in the conflicts of the region,” he said.
