Browse
related articles
Nass Corporation secures USD 8.38 million contract
- Bahrain: Tuesday, September 05 - 2006 at 12:22
- PRESS RELEASE
Bahrain-based NASS Mechanical, a wholly owned subsidiary of NASS Corporation BSC, has secured a contract worth BD 3.13 million (US$8.38 million) for the fabrication and mechanical erection work for Phase III of the Hidd Privatization and Desalination Expansion Project.
The expansion project is expected to be completed by the end of 2007, and will include the installation of a 60 MIGD (million imperial gallons per day) desalination plant and its integration with existing assets comprising a 910MW gas turbine based power generator and 30 MIGD of desalinated water production. Parsons Brinckerhoff have been appointed to provide project management and construction supervision on site.
Hidd Power Company was set up by a consortium of International Power plc, Suez Energy International and Sumitomo Corporation to acquire and operate the Al Hidd power complex.
Also consider reading:
Browse
related articles
Notes and media contacts
About Nass Corporation BSCNass Corporation BSC is an industrial and commercial organisation providing construction and contracting solutions for large-scale infrastructure development projects throughout the GCC region. It comprises 4 companies and 6 divisions, which were previously a part of the construction, manufacturing and other related businesses of Nass Group, a family-owned establishment, which celebrated its 40th anniversary in 2004.
Nass Corporation BSC has a paid-up capital of BD 20 million (US$ 53 million) and is headquartered in the Kingdom of Bahrain and is listed on Bahrain Stock Exchange. It is 51% owned by its founding shareholders, the Nass family; 24% by a 15-strong group of strategic private and institutional investors from the Kingdom of Bahrain, Saudi Arabia, United Arab Emirates and the Sultanate of Oman. 25% of shares are held by public investors.
The creation of Nass Corporation BSC in 2005 represents the first regional family-owned conglomerate operating in the construction sector to go public and the largest Initial Public Offering (IPO) to have taken place in the Kingdom of Bahrain in eight years.
Issued on behalf of Nass Corporation by Hill & Knowlton. For more information contact Sami Amin on Tel: +973 17 533532, Fax: +973 17 533370
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Posted by Anne-Birte Stensgaard, Senior News Editor
