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Contract Type
contract
Yanbu`WaterDescription
Marafiq has signed a contract worth 340.14 million Saudi riyals ($90.53 million) with South Korea-based Doosan Enerbility and its branch to convert its Yanbu 2 plant from the use of liquid fuel to dry gas. The project, awarded on November 27, is expected to be signed on January 1, 2025, and will be funded from the budget allocated by the Ministry of Energy as part of the liquid fuel displacement programme.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months