CIU.L Share News (CIU)

(ShareCast News) - Cape, which provides critical industrial services to the energy and natural resources sector, has secured a scaffolding contract in Saudi Arabia from Daewoo.The company's Saudi operations have received a scaffold contract amendment to provide for an increased scope of 107,000 square metres of suspended scaffold and 182,000 cum tower scaffold with an extended hire term for the Jazan project.Saudi Aramco's Jazan Refinery and Terminal is being constructed on the southern coast of the Red Sea and coastal part of the City of Bish.Daewoo E&C's plant construction projects are delivering a major role along with JGC in JRTP for Saudi Aramco.Cape, which operates as Cape RB Hilton in Saudi Arabia, has developed a successful relationship with Daewoo in delivering the original scope and said it is "delighted" to secure this amendment award and strengthen the business ties of both organisations.Paul Cockerill, managing director KSA & Bahrain, said: "This subcontract amendment award is an important win for Cape RB Hilton and firming up our service offering with Daewoo E&C. It is the result of commitment to deliver a safe and reliable service to our customer. This increase in value of existing ongoing work plays a key share for our revenue in 2017."