Arabi Enertech to win contract to provide maintenance services for PIC

07-Mar-08
Subject to approval, Arabi Enertech seems poised to win a contract to provide maintenance services for state-owned Petrochemical Industries Company (PIC). Approval is being sought by the central tenders committee for the KD6.9 mln (US$25 mln) bid. Arabi submitted the low bid for the five-year contract in 2007. It is expected to sign the contract with PIC soon. The work covers the electrical, mechanical and civil maintenance of all PIC facilities in Kuwait, including its polypropylene and fertiliser facilities. PIC, a subsidiary of Kuwait Petroleum Corporation, has a major stake in the Equate Petrochemical Company olefins complexes in the Shuaiba Industrial area.
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