Technip of France announced the award of two major contracts for the
development of the Haradh gas project, reported MEED. Sources said the
contracts for client Saudi Aramco were worth USD435m, and went to a
mixture of local and European contractors. Work on the two contracts
will begin immediately with completion of the pipeline contract due by
mid-2003. The news shows how the pace of infrastructure investment is
now picking up in Saudi Arabia.