Avanceon Limited (PSX: AVN) Thursday announced the successful acquisition of $8.8 million worth of strategic projects across the State of Qatar, Kingdom of Saudi Arabia, and the United Arab Emirates.
Delivered through its regional subsidiaries, these high-impact initiatives are closely aligned with the national development visions of the respective countries, supporting goals such as digital transformation, infrastructure modernization, and economic diversification, the firm said in a notice to the Pakistan Stock Exchange (PSX).
Avanceon said it has been awarded major projects across the Gulf, underscoring its leadership in infrastructure and industrial automation.
READ MORE: Avanceon Subsidiary Seals Multi-Million Deal
The company will modernize PLCs and Power Management Systems at a Qatari oil & gas plant, implement advanced Building Management and SCADA Systems for a Chiller Plant in Makkah Mukarramah, and deliver comprehensive Engineering, Procurement, and Construction solutions for Wellhead Control Panels in the UAE.
