Karachi: Avanceon has secured projects worth $11.6 million across Qatar, the United Arab Emirates, and Saudi Arabia, according to its update to the Pakistan Stock Exchange. The contracts focus on infrastructure, energy, and digital transformation work, aiming to support company growth and generate shareholder value. In Qatar, the company won $3.9 million worth of infrastructure modernization projects, including upgrading and integrating control and monitoring systems, installation, testing, training, and maintenance services for a major utilities organization. Officials note that the projects align with regional development visions—Qatar National Vision 2030, UAE Vision 2031, and Saudi Vision 2030—emphasizing digital growth, clean energy, and infrastructure development. Analysts believe these contracts reinforce Pakistan’s technology export capabilities and highlight opportunities in Middle East markets.
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