Eversendai Offshore RMC FZE, a subsidiary of Malaysian company Eversendai Corp, has entered into a strategic collaboration agreement with Abu Dhabi National Oil Co (Adnoc) for the fabrication of onshore and offshore structures in the United Arab Emirates.
The Malaysian player said in a note to the Malaysian Stock Exchange, Bursa, that “through this strategic collaboration agreement [SCA], Adnoc has mandated the steel fabrication works to be performed within UAE fabrication facilities”.
The company further stated, “Adnoc intends to facilitate business opportunities between Adnoc and UAE steel fabricators over the next five years, with significant potential opportunities expected within Adnoc’s project development program.”
The group operates seven steel fabrication factories located in Malaysia, Singapore, Dubai, Sharjah, Ras Al Khaimah, Qatar, and India.
