Target Engineering Awarded Contract Worth Around SAR 200M for Replacement of Storage Tanks at Ras Tanura Refinery by Saudi Aramco

Jul 21,2020

Dubai, UAE – 20th July, 2020: Arabtec Holding PJSC (Arabtec or Group), a leading contractor for social and economic infrastructure, today announced that its wholly-owned subsidiary, Target Engineering Construction Company, has been awarded around SAR 200 million contract by Saudi Aramco for the replacement of five storage tanks at Ras Tanura Refinery in Eastern Province, Saudi Arabia.


Target’s scope of works includes the replacement of three naphtha storage tanks and two slop oil storage tanks.


Arabtec’s Group Chief Executive Officer, Wail Farsakh, comments: “We are delighted to be continuing to build our relationship with Saudi Aramco in the Kingdom of Saudi Arabia. In line with our strategy, this important award further builds the Group’s presence in the oil and gas sector.”