Heisco lands $563m Kuwait Oil Company contract

15/04/2026 01:57 AST

Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($508 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.

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 project forms part of Portion III (NK) thus represents a significant milestone in Heisco's continued partnership with KOC in supporting Kuwait's upstream oil infrastructure development.

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.


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 snaps up $567m KOC upstream infrastructure development work

26/02/2026

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 projec

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

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 7.25 -0.04 (-0.55%)
MODON 3.06 0.04 (1.32%)
SALIK 5.56 -0.05 (-0.90%)
ADNOCLS 5.27 -0.02 (-0.38%)
AIRARABIA 5.19 0.06 (1.16%)

Recent News

Global Finance names KFH as 'Best Bank for Sustaining Communities in the Middle East'

24/04/2026

Kuwait Finance House (KFH) has been named "Best Bank for Sustaining Communities in the Middle East" by Global Finance magazine, as part of its Sixth Annual Sustainable Finance Awards, recognizing out

Kuwait Times

Dubai Taxi Company expands fleet with 600 new taxi plates

24/04/2026

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has acquired another 600 new licence taxi plates through the latest auction conducted by the Dubai Roads and

Trade Arabia

Emirates Islamic operating profit rises 7% to $299.52m in Q1

24/04/2026

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has reported an operating profit of AED1.1 billion ($299.52 million) for the quarter ending March 31, 2026, 7% growth o

Trade Arabia

ADCB delivered record Q1 profit before tax of $1bn

24/04/2026

ADCB, a leading UAE banking group, has delivered record profit before tax of AED3.781 billion in Q1'26, up 30% year on year, extending profit growth track record to 19 consecutive quarters.

Trade Arabia

Al Salam Bank sells its stake in Gulf African Bank

24/04/2026

Bahrain headquartered-Al Salam Bank has announced the sale of its 20.94% stake in Gulf African Bank, the largest Islamic Bank in Kenya.

The sale forms part of AL Salam Bank's broader group

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