Petrojet Secures $160 Million Contract for Infrastructure Work at King Saud Air Force Base
RIYADH, SAUDI ARABIA - Egyptian engineering firm Petrojet has been awarded a $160 million (600 million Saudi Riyals) contract to undertake civil works at King Saud Air Force Base in Saudi Arabia, an Egyptian government official confirmed to Asharq Business. The project encompasses the installation of connections, protection, and electricity networks, alongside drainage and water line links to a new power station.
This contract win underscores PetrojetS growing footprint in the Gulf region and highlights Saudi Arabia’s continued investment in its military infrastructure. As the engineering arm of the Egyptian General Petroleum Authority, Petrojet’s success in securing this project demonstrates Egypt’s expanding role in regional progress and infrastructure projects. The power station itself is being developed by a consortium including Saudi firms Al-Fanar and Issam Qabbani, alongside petrojet.
Work on the station is slated for completion within 18 months of the contract signing. Petrojet is currently active in 14 Arab and international markets, with new contracts totaling 112 billion Egyptian pounds ($2.32 billion) secured through March of this year. Approximately 60% of this new business originates outside of Egypt, bringing the company’s total workload to 215 billion pounds ($4.46 billion) extending through 2028, according to company data.
the company recently reported a net profit exceeding 14 billion pounds ($290 million) for the fiscal year 2024-2025,alongside a record of over 193 million safe work hours,demonstrating a commitment to safety standards. Petrojet is actively pursuing further expansion into key markets including the United arab Emirates, where it is currently bidding on tenders from Aramco and Adnoc, and also Iraq, Algeria, Oman, and Kuwait. The company also has its sights set on emerging markets in Mozambique, Angola, Congo, and Croatia.
