Heisco snaps up $567m KOC upstream infrastructure development work

26/02/2026 06:40 AST

Kuwait-based Heavy Engineering Industries & Shipbuilding Company has announced that it has secured a major contract worth KD174.2 million ($567.4 million) from Kuwait Oil Company (KOC) for its project work.

A major EPC contracting company based in Kuwait, Heisco caters to a diversified range of business in oil and gas, petrochemicals, power, pressure equipment manufacturing, shipbuilding and repair, dredging and marine construction.

The Central Agency for Public Tenders has awarded Contract No. 3, Portion III (NK) to Heisco, which emerged as the fourth lowest bidder under Tender No. RFP-2141028, stated the company in its filing to Boursa Kuwait.

As per the deal, Heisco will undertake the construction of flowlines and related facilities in North Kuwait areas, thus reinforcing KOC's efforts to enhance operational efficiency, expand production capabilities, and maintain the integrity of its oil field assets.

This award further strengthens Heisco's position as a leading engineering and construction contractor in the oil and gas sector, reflecting its technical expertise, project management capabilities, and long-standing track record in delivering large-scale energy projects across Kuwait, it added.


Trade Arabia

News

Heisco, Shanghai Electric eye Kuwait utility project upgrade work

16/03/2026

Kuwait's Ministry of Electricity, Water and Renewable Energy has announced that it has received bids from only two entities - Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shangh

Trade Arabia

Heisco lands Kuwait power plant maintenance contract

06/01/2026

Heavy Engineering Industries & Shipbuilding Company has announced that it has secured a major contract from Kuwait's Ministry of Electricity & Water & Renewable Energy for supply, commissioning and m

Trade Arabia

Heisco consortium lowest bidder for $377m Kuwait water project

12/08/2025

Heavy Engineering Industries and Ship-building Company (Heisco) has announced that its consortium with Indian group VA Tech Wabag has emerged as the lowest bidder for a key desalination project being

Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

SHIP Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALPHADHABI 7.11 -0.01 (-0.15%)
MODON 2.86 -0.01 (-0.35%)
ADNOCLS 5.21 -0.06 (-1.14%)
SALIK 5.00 -0.11 (-2.16%)
ADPORTS 3.94 0.01 (0.25%)

Recent News

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia

Alkhorayef lands Riyadh sewage network maintenance contract

09/04/2026

Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a SAR69.5 million ($18.5 million) sewage project works contract from Royal Commission for Riyadh City.

Trade Arabia

Asas Makeen in deal to develop 503-unit residential project in Riyadh

09/04/2026

Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed an agreement with Tawafuq Al Rimal Real Estate Fund for the development of an integrated reside

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap