India’s leading construction firm Larsen & Toubro (L&T) has secured a significant contract from UAE-based Oilfields Supply Center’s subsidiary Oilfields Supply Company Saudi [OSC Saudi] in order to design and build one of the world’s largest oil & gas supply bases in Saudi Arabia.
The project includes the construction of industrial facilities of different sizes, an administration building, ancillary buildings, associated infrastructure, and storage yards along with civil, structural, MEP, and architectural works at King Salman Energy Park, Dammam, Kingdom of Saudi Arabia. The project is expected to complete in 30 months.
“This project will act as a business incubator to support the oil and gas industry in the Kingdom and help accelerate industrial growth in the energy sector. It has strategic significance for L&T too, marking our future growth in such a potential-rich market like the Kingdom of Saudi Arabia. We thank our client, for reposing confidence in our capability to build a project of such size and scale.“
According to L&T’s statement, the value of the said orders lies between $133 billion to $333 billion.
Larsen & Toubro (L&T)
Founded in 1938, Larsen & Toubro is an Indian multinational technology, engineering, construction, manufacturing, and financial services conglomerate headquartered in Mumbai, Maharashtra, India. L&T Construction is one of the world’s top 30 contractors. With over 80 years of a strong, customer-focused approach and a continuous quest for world-class quality, L&T has unmatched capabilities across Technology, Engineering, Construction, and Manufacturing, and maintains leadership in all its major lines of business.
Oilfield Supply Company Saudi (OSC Saudi)
Oilfield Supply Company Saudi is a newly established Joint Venture company of the UAE-owned Oil Fields Supply Center, which is a developer and operator of major Oil & Gas and Oilfield Services Supply Bases globally. The goal of the firm is to establish a catalyst that will empower, support & service the Oil & Gas, Energy & Processes Industries in the Saudi Arabia & beyond. Logistics & Supply Chain solutions, Technical Services, Corporate Shared Services are some of the services provided by the company.