EEI Corp. said its Saudi Arabia unit Al Rushaid Construction Company Ltd. , a joint venture between EEI and Al Rushaid Petroleum Investment Corp., has secured new contracts that tripled the company’s order book to P17.38 billion as of end 2020 compared to P6.2 billion in end-2019.
It said its local projects have a remaining contract value of around P43 billion covering building, infrastructure and electromechanical projects, for a total of P60 billion worth of combined projects for 2021 and beyond.
EEI’s production is picking up as domestic construction resumed particularly for major infrastructure projects like Malolos Clark Railway Package 4, Metro Manila Subway Phase 1 and Metro Manila Skyway Stage 2. The company is also fulfilling construction of existing building projects.
