Arabtec subsidiary Target Engineering has been awarded a 14-month sub-contract worth SAR 145 million ($35.67 million) for offshore Marine works in Saudi Arabia.
The sub-contract, announced by Arabtec to Dubai Financial Market on Sunday was awarded by Shandong Teijun Electric Power Engineering Company Ltd for the JUBAIL 3A Independent Water Project, off Jubail in Eastern Saudi Arabia.
Arabtech shareholders voted last month to dissolve the company.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
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