Its role EPC
Target Engineering Construction Company is a leading engineering, procurement and construction (EPC) contractor specializing in onshore and offshore oil and gas, petrochemical, marine, and civil infrastructure projects across the Middle East.
Established in 1975 and headquartered in Abu Dhabi, United Arab Emirates, the company operates through specialized divisions covering mechanical oil and gas, electrical power and instrumentation, civil works, and marine construction. It delivers single-source EPC services backed by extensive in-house capabilities, including over 100,000 square meters of ASME/API-certified fabrication facilities and a fleet of more than 40 marine vessels.
The firm executes projects for major clients such as ADNOC group entities, Borouge, Saudi Aramco, and others. It is actively involved in the Borouge 4 ethane cracker package in Ruwais, alongside upstream gas developments, offshore facilities, and marine infrastructure works in the UAE and Saudi Arabia.
Target Engineering Construction Company is a subsidiary of ALEC Holdings PJSC, ultimately linked to the Investment Corporation of Dubai. With a workforce of approximately 30,000, it ranks among the top EPC contractors in the region and maintains a substantial project backlog in energy and industrial sectors.
Also known as Target Engineering Construction Co LLC and Target Engineering Construction (Arabtec).
chemXplore tracks 1 project involving Target Engineering, 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.
active all projects
