Middle East Specialized Cables Co. (MESC), Saudi Arabia announced in a statement that, its UAE-based subsidiary MESC Ras Al Khaimah signed a final contract for the supply of various products.
The value of the contract is $60 million (SAR 225 million).
The contract signed with an Emirati joint venture (JV), comprising National Petroleum Construction Co. (NPCC) and Saipem S.p.A.,
The company stated that the expected contract duration is 18 months, based on the JV’s supply schedule, noting that it is difficult to determine the contract value accurately because the contract is not exclusive for MESC.
