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Kuwait Government Awards KWD136.6 million Contract to Sofon for Steam Turbines Installation

Oct 16, 2024•over 1 year ago

Contract Type

contract

KuwaitEnergyOil And Gas

Description

The Kuwaiti government has seen a 38% decrease in the value of awarded contracts to companies listed on the bourse in the first nine months of 2024 compared to the same period in 2023. One of the notable contracts this year was awarded to the Heavy Engineering Industries and Shipbuilding Company (Sofon) with a value of KWD136.6 million ($450.8 million) for the installation of steam turbines at Al-Zour power plant.

Company Information

Company

Heavy Engineering Industries and Shipbuilding Company (Sofon)

Location

Kuwait

About

Sofon is one of the companies listed on the Kuwaiti bourse. They specialize in heavy engineering and shipbuilding, and have been awarded a significant contract for the installation of steam turbines at Al-Zour power plant.

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