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January 15, 2017

Boskalis secures €480m deal to develop port of Duqm in Oman

Netherlands-based Royal Boskalis Westminster (Boskalis) has won a contract from the Special Economic Zone Authority Duqm (Sezad) to develop the port of Duqm in Oman.

Netherlands-based Royal Boskalis Westminster (Boskalis) has won a contract from the Special Economic Zone Authority Duqm (Sezad) to develop the port of Duqm in Oman.

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The new €480m deal is subject to certain conditions as proposed by Sezad.

The contract's letter of intent includes the engineering, design, procurement and construction of a bulk liquid berth terminal to be constructed at the port.

In addition, Boskalis will be involved in the deepening of the port basin to a depth of 18m, reclamation of new land and construction of a 1km long quay wall, as well as a double berth jetty island and stone revetment.

A new mega cutter Helios, as well as a jumbo hopper and medium-sized trailer suction hopper dredger, will be employed to carry out the proposed dredging activities.

"Boskalis will be involved in the deepening of the port basin to a depth of 18m, reclamation of new land and construction of a 1km long quay wall."

Design activities for the planned port development project are set to begin in the coming weeks, while equipment will be mobilised by mid-2017.

The development is scheduled to be completed by 2020.

Separately, Boskalis has also won various contracts to develop different projects in the Netherlands, collectively valued at over €200m.

One of the deals includes the expansion and doubling of the N62 road Tractaatweg in the Zeeland province, with an investment of around €30m.

Furthermore, the Dutch Directorate General for Public Works and Water Management (Rijkswaterstaat) announced its intention to award a contract to Boskalis and Van den Herik, under the second phase of their Twentekanalen canal expansion project.

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Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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