FinanceTürkiye Official institution
Movement Project signed a heavy lifting contract worth USD 2,100,000 for LNG plants in Qatar
Motion Project Transportation and Freight Engineering A.S. has signed a contract to provide heavy lifting service with pallet cranes with a capacity of 2,200 tonnes and 800 tonnes as part of the renovation of damaged LNG facilities in Ras Laffan region of Qatar. The project will last for 3 months and the total contract cost has been announced at 2,100,000 USD. The company said it expects the new business relationship to have a positive impact on the circus.
What does it mean?
The company will undertake heavy equipment lifting work on the renovation of a damaged LNG plant in Qatar; the work will take 3 months and will cost a total of USD 2,100,000.
Who is affected?
The direct impact is on the company's investors and related project stakeholders.