September 06, 2008

Zamil inks 22 year outsourcing contract with SABIC

Zamil Industrial Investment Company through Energy Central Saudi Arabia has signed a 22 year energy performance contract with Saudi Basic Industries Corporation for the complete outsourcing of process and comfort cooling and building plant to supply up to 20,000 tonnes of refrigeration at Saudi Iron & Steel Company Hadeed, which is a wholly owned subsidiary of SABIC. The estimated annual value of this project is around SAR 42 million.

State of the art equipment and machinery will be used in the new plant which will reduce energy consumption and conserve the environment. This project will significantly reduce energy consumption, and will help Hadeed focus on its vision of becoming the leading producer of steel products in the region.

Mr Abdulla M Al Zamil COO of Zamil Industrial said “This first of its kind agreement in the Gulf region will usher a new era of utility outsourcing for large industrial and commercial players who want to focus on their own service delivery and would like to rely on specialized partners to support them in that quest.”