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Fusion Fuel Green PLC Announces Two Engineering Contracts Totaling Approximately $1.37 Million for Residential Developments in Dubai, United Arab Emirates
Globenewswireยท 2025-12-03 12:30
Core Viewpoint - Fusion Fuel Green PLC has announced two new engineering contracts through its subsidiary Al Shola Al Modea Gas Distribution LLC, with a total value of approximately $1.37 million, along with an estimated annual recurring revenue of $629,000 from LPG supply [1][2]. Group 1: Contract Details - The first contract involves the design and construction of a central LPG gas system for a large mixed-use residential complex in Motor City, Dubai, valued at approximately $1.23 million, expected to generate annual recurring revenue of about $630,000 [3]. - The second contract pertains to two residential buildings in Al Furjan, Dubai, with a contract value of $136,000, marking the first project awarded to Al Shola Gas by the developer [4]. Group 2: Business Expansion - Both contracts were signed in the last week of November 2025, contributing to a successful month where Al Shola Gas secured additional contracts valued at approximately $328,000 [5]. - The Managing Director of Al Shola Gas highlighted that these project awards reflect the ongoing expansion of their engineered gas systems business in Dubai and the diversification of their customer base in the UAE [6].