Amec Foster Wheeler expands presence in UAE
Amec Foster Wheeler announces today that it is expanding its UAE operations in response to recent key contract awards and growing opportunities in the Middle East.
The Middle East market remains strong in a time of oil price uncertainty and Amec Foster Wheeler has established Abu Dhabi as its Middle East hub of expertise in the region. The company now has over 700 employees in the UAE, supporting 2000 people across the Middle East region.
Amec Foster Wheeler is currently busy executing a number of contracts from Abu Dhabi, the largest of which is a Project Management Consultancy (PMC) contract for the UZ750 project in the Upper Zakum field.
In addition to providing PMC services, Amec Foster Wheeler is growing its detailed design capability in Abu Dhabi to service local customers. The company also offers an integrated service offering through its consultancy companies based in Abu Dhabi, from the very commencement of the project through to commissioning and beyond.
As well as providing Oil & Gas services, Amec Foster Wheeler is also looking to expand its non-hydrocarbon business across the Middle East by leveraging global capability in the Clean Energy, Environmental & Infrastructure and Mining markets.
Following completion of the Abu Dhabi office expansion in Khalifa Park, a ribbon cutting ceremony was held on Tuesday, 29 September.
The Middle East holds significant opportunities for Amec Foster Wheeler and this expansion is in line with our long-term growth plans. We look forward to our continued growth in the UAE.
This expansion enables a more integrated service offering to our customers in the UAE and across the Middle East and marks a significant chapter in our operations here. We look forward to our continued growth in the UAE.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
With pro-forma 2014 annualised scope revenues of £5.5 billion and over 40,000 people in more than 55 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.
Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.