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HBC wins contract for oil refinery project in Kuwait

Update: December, 26/2017 - 17:54
Hòa Bình Construction Corporation (HBC) has won a contract to produce reinforced concrete for a refinery project in Kuwait. - Photo bnews.vn
Viet Nam News

HCM CITY – Hòa Bình Construction Corporation (HBC) won a contract to produce reinforced concrete for a refinery project in Kuwait, the corporation said on Monday.

Hòa Bình Construction Corporation (HBC) signed a cooperation agreement with United Gulf Construction Company (UGCC) -- the second-largest construction company in Kuwait – to implement a reinforced concrete package as part of the Kuwait Government’s Al Zour Refinery Project, with a bid worth US$20 million.

The Al Zour Refinery is the largest refinery project in Kuwait with total investment of $30 billion.

In Kuwait, HBC also successfully negotiated the first package of the Criminal Evidence Headquarters project worth some $35 million (VNĐ800 billion) with HOT Engineering and Construction -- HBC’s strategic partner. This is a key project of the Kuwait government with a very special design. This key project has total investment value of $155 million (VNĐ3.5 trillion).

In May 2017, HBC signed a cooperation agreement with Kuwait-based HOT Engineering & Construction, marking another step in the company’s Middle East market development strategy.

These initial projects will create favourable conditions for the Hòa Bình Construction Corporation to win other contracts in this potential market next year and in the future. — VNS

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