Dangote group has entered a multi-million dollar joint venture agreement with Italian engineering and construction giants, Saipem, birthing a new company, Saipem-Dangote E&C.
Group Executive Director, Dangote Group, Mr. Devakumar Edwin, says the new company aims to secure complex engineering and construction projects, and to execute them at the highest level of efficiency in terms of costs and timing, while maintaining sufficient flexibility to adapt to different project requirements.
“Saipem and Dangote Group have a track record of successful collaboration, drawing on the strengths and competences of both companies. Dangote’s financial strength, expertise and standing in the sub-Saharan African market will complement Saipem’s unique capabilities in E&C," he says.
“Dangote’s financial strength, expertise and standing in the sub–Saharan African market will complement Saipem’s unique capabilities in E&C in developing the new business. Saipem values the satisfaction of its clients in the energy industry, tackling each challenge with safe, reliable and innovative solutions. Dangote Industries and Saipem shall gain mutual benefit from this partnership," he added.
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