Larsen & Toubro Limited (L&T) has signed a Joint Venture with A.A. Turki Contracting & Trading Corporation (ATCO) of the Kingdom of Saudi Arabia. The new venture, to be known as 'Larsen & Toubro ATCO (Saudia) LLC', will be registered as a local company in that country. It will focus on electromechanical construction for the hydrocarbon and power sector construction. |
The Kingdom of Saudi Arabia is one of the biggest markets in the GCC. As a part of its strategic plans, L&T has taken important steps in the GCC area by establishing Engineering & Project Management Centres in Abu Dhabi and Sharjah followed by the construction of its own deep-water offshore platforms and Modular Fabrication Yard at Sohar, Oman. |
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ATCO, belonging to Sheikh Abdulrahman Ali Al-Turki, is a leading conglomerate in Saudi Arabia. Mr. Ziad Ali Al-Turki, Executive Vice President of the ATCO agrees that the Joint Venture will enable the two companies to benefit significantly from the boom in the Oil & Gas and infrastructure fields. |
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L&T has successfully completed many projects in Saudi. After the implementation of mega formaldehyde and para-formaldehyde projects, L&T is now executing an over US$ 120 million contract for methanol / carbon monoxide project. It has also constructed many schools, hospitals and sub-stations and is building a factory for electrical products and services in the eastern province. L&T's Heavy Engineering Division has supplied critical equipment like Catofin Reactors, Product Splitter, Waste Heat Boiler, Formaldehyde Reactors, Absorber, Tail Gas Heater and Feed / Effluent Exchanger to Saudi customers. |
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