Feb 08 2012 |
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FCC wins water management contract in Abu Dhabi
First Spanish company to win UAE water management contractThis 76 million euro contract adds to recent deal in Saudi Arabia
This is the first water management contract to go to a Spanish company in the United Arab Emirates. It includes the operation and maintenance of more than 2,400 km of sewers, 68 wastewater-pumping stations and 19 wastewater treatment plants in the city of Al Ain (eastern Abu Dhabi, on the border with Oman) and the surrounding areas.
This contract strengthens FCC's presence (through aqualia) in the Middle East, which is a strategic area for the company's global expansion. aqualia has been operating since 2011 in Saudi Arabia, where it is implementing an innovative project to search for and repair leaks in Riyadh's water network in order to increase the network's efficiency.
Also in 2011, FCC (through its construction subsidiary) signed another strategic alliance with the company Abu Dhabi Commodore to bid jointly for infrastructure development projects in the UAE. Separately, in 2008, FCC's Austrian subsidiary, Alpine completed the construction of the Dubai Cricket Stadium. In January 2011, Alpine won a $111 million contract for the Borouge 3 expansion project in Ruwais, Abu Dhabi.
About aqualia - www.aqualia.es aqualia (the water division of FCC) is the world's third-largest water company. It operates in 17 countries on 4 continents, providing services to over 1,100 municipalities and more than 28 million people. It has a backlog of 13 billion euro in stable, non-cyclical projects, 30% of which are from contracts outside Spain. aqualia responds to the needs of all customers, private and public, at all stages of the water cycle, providing water for human, industrial, and agricultural uses.
About FCC - www.fcc.es
The FCC Group's origins date back over a century. In recent years FCC has reinvented itself from a mainly Spain-based construction company to a diversified multinational with core business in civil infrastructure, water/waste management and renewable energy. FCC's activity spans over 50 countries worldwide, employing more than 90,000 people and generating global revenues of $17 billion in 2010 of which more than 50% were obtained outside Spain. The Company is listed on the Madrid stock exchange - IBEX and is one of ten Spanish companies on the Fortune 500 list of Companies. FCC's latest news can be found at: http://tinyurl.com/72gmccd
Other FCC MENA projects:
Algeria: FCC is currently building two railway lines in Algeria worth over 1 billion dollars each, in partnership with Algerian company ETRHB Haddad . Egypt: In 2010, aqualia in a joint venture with Orascom ('Orasqualia') won Egypt's first PPP concession to build a wastewater plant in New Cairo. Qatar: In 2010, FCC partnered with Qatar's civil engineering firm Petroserv to tender for projects in the Gulf region.
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