United Arab Emiratesalasab.com
Its role EPC
Al Asab General Transport and Contracting is a leading UAE-based engineering, procurement and construction (EPC) contractor specializing in oil and gas facilities as well as civil infrastructure and general construction projects. Established in Abu Dhabi in 1986, the company delivers turnkey services across mechanical, civil, electrical and instrumentation disciplines for oil and gas production, processing and transportation infrastructure, including wellhead facilities, flowlines, trunk lines, cross-country pipelines, block valve stations and terminals.
It also executes large-scale earthworks, land reclamation, road and infrastructure construction, and building projects. The firm maintains in-house capabilities supported by a fleet of approximately 680 heavy equipment units, Horizontal Directional Drilling rigs, orbital welding facilities and camp accommodations for over 3,000 personnel. Primarily operating in the United Arab Emirates, Al Asab extends its activities across the MENA region to countries including Iraq, Oman, Algeria and Ethiopia.
As a 100% UAE-owned company by local nationals, it serves major clients such as ADNOC Onshore and has secured significant EPC order bookings exceeding one billion US dollars in recent years. The company positions itself as a regional EPC provider with strong technical and financial resources, emphasizing safety, risk management and value engineering in the oil and gas and infrastructure sectors.
Also known as AAGTC, Al Asab General Transport & Contracting Establishment, and AL ASAB GEN.TRANSPORT & CONTRACTING LLC.
chemXplore tracks 1 project involving Al Asab, of which one is active.
1 more active project is in the record. See all 1 in chemXplore →
Q3 adjusted EBITDA $279m as sales volumes rose 22% QoQ and utilisation recovered; all production shipped without Strait of Hormuz dependence. Q4 expected to deliver substantially higher EBITDA.
Restored full production after 5 April incident; shipped all available volumes plus inventory; realised prices rose 53% QoQ; margins squeezed by higher logistics and propylene costs.
New plant doubles output (+100,000 t/yr), awarded ~$600M in local contracts, expands site capacity by 1.4M t and is expected to deliver up to $400M net profit over three years.
New and expanding facilities in Cheonan (semicon), Stenungsund (XLPE) and Ruwais (XLPE) increase cable-compound capacity to support power-grid build-out and electrification.
New asset-usage deal for Borouge 4 secures USD 400m cumulative net profit over three years, ~10% EPS accretion, adds 1.5Mt cracker/1.4Mt PE and lifts combined capacity to 13.6Mt.
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