Engineering and construction firm Punj Lloyd has bagged a contract from Horizon Terminals, an Emirates National Oil Company (ENOC) subsidiary, to build a bulk oil terminal.
The terminal inside the Jebel Ali Free Zone, along with a 60 km jet fuel pipeline to the Dubai International Airport, will have state-of-the-art oil terminal facilities with storage tanks capacity of 141,000 cubic metres, ENOC said in a statement.
ENOC is a wholly-owned company of the Government of Dubai. The deal size was not specified.
"West Asia is a very important market for us. Our strong focus on the region, complemented by our proven track record in the EPC domain has created a niche for Punj Lloyd in the region," said President and CEO of Punj Lloyd, West Asia, Africa & CIS Ravindra Kansal.
"With this contract win, we further our commitment and focus on the UAE," he said.
Saeed Abdullah Khoory, Chief Executive Officer of ENOC, said the strategic project aims to further support the economic development of Dubai.
