Engineers India Ltd Targets $1 Billion Gulf Infrastructure Projects

Engineers India Ltd is pursuing oil and petroleum product pipeline and strategic storage projects in Saudi Arabia and the United Arab Emirates, targeting an order pipeline of approximately USD 1 billion over the next two to three years. Chairman and Managing Director Atul Gupta announced the strategy following the company's 61st Annual General Meeting.

The expansion comes as Gulf nations seek infrastructure alternatives to the Strait of Hormuz. This demand follows a conflict in West Asia involving Iran, Israel, and the United States that damaged regional infrastructure and closed the strait, a critical chokepoint for 20% of global oil and gas supplies.

To support this growth, the company has established an office in Saudi Arabia and signed a long-term in-Kingdom services agreement with Saudi Aramco. Gupta noted that across these countries, there could be very large investments in infrastructure.