PEC clinches $176m contract for EPC works in UAE

Its 2nd major win in the Middle East this year.

PEC Ltd secured a new contract worth S$176m, whereby it will provide EPC works for a new oil storage terminal in Fujairah for a prominent Abu Dhabi client.

Mainboard-listed PEC revealed that it was awarded a new contract worth $176 million for engineering, procurement and construction (EPC) works for a new oil storage terminal in Fujairah, UAE.

Located near the Port of Fujairah, the terminal comprises product storage facilities, product pumping facilities and utilities.

The project is expected to be completed by March 2017. The client is a prominent terminal and investment company in the UAE.

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