United Arab Emirates seen awarding $21 billion in energy contracts
ABU DHABI — The United Arab Emirates was expected to award $21
billion worth of engineering and construction projects, many of which linked
to the energy sector.
A senior French executive told a conference in Abu Dhabi that the UAE
was preparing to launch tens of billions of dollars worth of projects by
early 2010.
Technip senior vice president Arturo Grimaldi said around $25
billion worth of engineering, procurement and construction, or EPC, projects
have
already been awarded in Saudi Arabia and the UAE over the last nine months, Middle East Newsline reported.
