ALEC to acquire 100% of TARGET Engineering Construction Company

ALEC Engineering and Contracting, part of Investment Corporation of Dubai, signed a share purchase agreement to acquire 100% of TARGET Engineering Construction Company, including its 11,000 workforce, marine vessels and fabrication facilities. The combined group would have a joint turnover of nearly US$2 billion.

“ALEC has announced that it has signed a share purchase agreement to acquire TARGET Engineering Construction Company.”meconstructionnews.com

• 1 source
• meconstructionnews.comALEC to acquire 100% of TARGET EngineeringDec 19, 2022

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