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HEISCO seals KWD12.5m agreement with KOC

HEISCO seals KWD12.5m agreement with KOC
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Heavy Engineering Industries and Shipbuilding - HEISCO stated that it has concluded a five-year agreement with Kuwait Oil Company -KOC.

The contract value amounts to KWD12.47 million and its enforcement date is October 19, 2014.

Under the contract's terms HEISCO will carry out supplying KOC with specialized technical work force for its fleet marine.

In this context , HEISCO announced , in mid - October that its 99.92%-owned subsidiary Gulf Dredging and General Contracting Co was awarded a three- year contract, amounting to KWD2.47 million by the state of Kuwait - Ministry of Electricity & Water.

HEISCO is a major Engineering, Procurement and Construction (EPC) Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Petrochemicals, Power, Pressure Equipment Manufacturing, Shipbuilding and Repair, Dredging & Marine Construction, Major Civil Construction, Maintenance and other industrial services including Heavy Industry projects.

Established in 1974 to initially meet the demands of the shipping and maritime industry in the Northern Arabian Gulf, HEISCO has since expanded its operations to meet the challenges of emerging markets. Today, in addition to remaining market leaders in the marine industry, it's also recognized as one of the leading industrial companies in Kuwait, having made a major contribution to the development of the country's commercial and industrial infrastructure through successfully completed projects in virtually every economic sector.