Greece’s Athena has won a AED200m ($54m) engineering, procurement and construction (EPC) deal to expand the port facilities at the Port of Fujairah, UAE, according to market sources.
The project will extend the existing oil tanker berths at the port, which has become the world’s second largest bunkering fuel hub.
Athena was the lowest bidder for the EPC contract, ahead of India’s Afcons Infrastructure, Greece-based Archirodon Construction, Beijing-based China Harbour Engineering Company and the local/UK Dutco Balfour Beatty and Belgium’s Six Construct.
The scope of the project includes adding two oil tanker berths for a total length of 900 metres and 20-metre draft, with completion expected in the fourth quarter of 2014.
Fujairah is set to increase its global importance as an energy hub through several projects to increase its oil storage capacity, as well as a major crude pipeline from Abu Dhabi, a new refinery and a liquefied natural gas (LNG) terminal.