Qapco awards $165m contract to Tekfen Constructionby Kevin Baxter on Jul 14, 2009
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Turkish construction outfit Tekfen Construction has announced that it has been awarded a US$165 million contract to build a low density polyethylene plant for the Qatar Petrochemical Company (Qapco).
Tekfen said that the 30-month contract is the fourth the company has won in as many years and will create 750 jobs.
In June Qapco awarded a larger $550 million engineering, procurement and construction (EPC) contract for a low density polyethylene plant (LDPE-3) to German contractor Uhde.
The two contract awards underline the comments Qapco’s general manager Dr. Mohamed Yousuf Al-Mulla made to ArabianOilandGas.com recently about concentrating on Qatar.
“Qapco has no investments abroad, and is mostly focused on local development. We are also encouraging and supporting the private sector to invest in small and medium-sized downstream petrochemical projects,” Dr Al-Mulla said.
“We are working towards creating prospective investment opportunities, through setting up industrial units or factories, to convert polyethylene into different applications and end-user products in the State,” he added.
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