Avanceon secures three high-value contracts for Oil & Gas and Infrastructure projects in UAE
MG News | November 27, 2020 at 03:42 PM GMT+05:00
November 27, 2020 (MLN): Avanceon FZE, a subsidiary of Avanceon Limited, has secured three high-value contracts for Oil & Gas and Infrastructure projects with multinational customers in UAE.
According to the details disclosed by the company, the subsidiary has been contracted to provide a state-of-the-art PLC system and upgradation solution for Ali & Sons Oilfield Supplies & Services Company, a key oil field in UAE. The total value of the project is approx. 1 M AED. The project is currently underway and Avanceon expects to complete it within the agreed timeline.
Avanceon FZE will also provide a Sophisticated Infrastructure Solution for New Residential Developments in KSA. The contract valued at approx.1 M SAR will have Avanceon provide a comprehensive Water & Wastewater Solution to the cities of Taif and Buraidah in provinces Makkah and Al Qassim. The projects are a part of the National Water Company initiative to provide the best water and wastewater services and improve quality across the Kingdom, the notice said.
Another project of approx.1 M AED will see Avanceon provide a sophisticated PLC & SCADA System for Ajman’s Wastewater Treatment Facilities.
These high-value contracts further solidify Avanceon position as a reputable and reliable technology partner within the oil and gas sector.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 178,499.06 236.19M | 1.22% 2143.57 |
| ALLSHR | 107,236.83 570.28M | 1.08% 1141.75 |
| KSE30 | 54,782.48 131.96M | 1.43% 772.16 |
| KMI30 | 254,781.95 121.03M | 1.63% 4095.97 |
| KMIALLSHR | 69,553.70 358.76M | 1.30% 894.22 |
| BKTi | 50,118.21 35.88M | 1.02% 505.69 |
| OGTi | 36,108.99 18.41M | 2.42% 852.44 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 89,615.00 | 89,690.00 88,720.00 | 1730.00 1.97% |
| BRENT CRUDE | 60.87 | 61.38 60.83 | 0.02 0.03% |
| RICHARDS BAY COAL MONTHLY | 86.75 | 0.00 0.00 | 0.55 0.64% |
| ROTTERDAM COAL MONTHLY | 96.75 | 0.00 0.00 | -0.15 -0.15% |
| USD RBD PALM OLEIN | 1,027.50 | 1,027.50 1,027.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 57.44 | 57.93 57.41 | 0.02 0.03% |
| SUGAR #11 WORLD | 14.95 | 15.05 14.87 | -0.06 -0.40% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Foreign Exchange Reserves