Heisco lands USD 223m Kuwait oil flow line contract

Heavy Engineering Industries and Shipbuilding Company (Heisco) has announced that it has signed a contract with Kuwait Oil Company (KOC) for the construction of flowlines and associated works on the country’s western side.

As per the KD 68.5M (USD 223M) contract, the entire project will be completed within the next five years, stated Heisco in its filing to Boursa Kuwait.

A major engineering, procurement, and construction (EPC) contracting company based in Kuwait, Heisco caters to a diversified range of businesses.

These include oil and gas, petrochemicals, power, pressure equipment manufacturing, shipbuilding and repair, dredging and marine construction, civil construction and maintenance as well as other industrial services including Heavy Industry projects.

The revenue will be shown in annual financial statements from 2023 – 2027, it added.

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