In Abu Dhabi, a collection of companies received a multibillion dollar contract to build an integrated processing plant for natural gas. This is an example of which of the following?

Question

Quizplus · Accepted Answer

A turnkey contracting project involves a contractor agreeing to fully design, construct, and equip a manufacturing/business/service facility and turn the project over to the purchaser when it is ready for operation for a remuneration. The scenario described fits this definition as it involves building an integrated processing plant for natural gas, which will be handed over upon completion.

In Abu Dhabi, a Collection of Companies Received a Multibillion