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- Created on Wednesday, 24 November 2021 08:32
Eastern Readymix Concrete Company (ETE) has been awarded another mega project: Red Sea Utility Assets and Infrastructure Project.
In November 2021, ETE Readymix signed the agreement to supply concrete for the Red Sea Utility Assets and Infrastructure Project as a sub-contractor of Shandong Tiejun Electric Power Engineering Co. Ltd..
ETE group CEO Mr Morhaf Bukhamsin, ETE Readymix Executive Manager Mr Emrah Öztürk, ETE Readymix Planning Manager Mr Muntassir Bukhamsin, and Procurement Manager Mr Dong Fei from Shandong Tiejun were present at the contract ceremony.
Developed in line with Vision 2030, the Red Sea Project is one of three giga-projects announced by HRH Crown Prince Mohammad bin Salman in 2017. The Red Sea Development Company (TRSDC) was established later in 2018 to lead the development efforts within the frame of the Red Sea Project.
Early in 2021, TRSDC announced the signing of a high-value contract for utilities infrastructure with a consortium led by ACWA Power and Marafiq Red Sea for Energy Company.
As the developer of the Red Sea Utility Assets and Infrastructure project, ACWA Power has awarded Shandong Tiejun Electric Power Engineering Co. Ltd. an Engineering, Procurement and Construction (EPC) contract.
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