Al Shafar General Contracting Co. LLC, UAE-based construction group (‘ASGC’), is announced that existing projects with Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Gas Development Company Ltd (Al Hosn Gas) are on track for completion by 2016.
These projects, awarded in 2014, include an AED156 million project with ADNOC to build a 206-room guest house and supporting facilities in Al Ruwais and an AED164 million contract with Al Hosn Gas to construct a compound and residential accommodation complex in Qusahwira.
These projects reflect the success of ASGC’s ability to diversify its construction skill set within the residential space and apply it to high-growth industry sectors such as oil and gas.
Bishoy Azmy, CEO of Al Shafar General Contracting Co. LLC, said: “In line with our diversification strategy, we are capitalizing on sector opportunities across the region and are continuing to broaden our business as we move our construction expertise into residential and hospitality components of the oil and gas sector.
On behalf of the entire ASGC team, I am pleased to confirm that our projects with ADNOC and Al Hosn Gas are well underway and scheduled to be completed next year. These projects will provide excellent reference sites for our business as we continue our growth momentum.”
