KARACHI: Avanceon has locked in USD 11.6 million worth of fresh contracts across Qatar, the UAE, and Saudi Arabia, notifying the Pakistan Stock Exchange on Thursday that the Lahore-based automation company has expanded its Gulf footprint at a pace few Pakistani engineering firms have managed to replicate.
In a notice to Pakistan Stock Exchange, company confirming that PSX-listed Avanceon secured the projects across three of the region’s most capital-intensive economies in a single sweep, rather than through scattered wins spread across the year.
Qatar Projects Worth $3.9 Million
Qatar accounts for USD 3.9 million of the total. Avanceon will overhaul SCADA and Building Management Systems for critical infrastructure clients, handling everything from procurement and installation to testing, commissioning, and final handover. The company also picked up a Disaster Recovery contract supporting a major utilities operator, giving Avanceon a foothold in Qatar’s resilience-focused infrastructure push as Doha races toward its National Vision 2030 targets.
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UAE Leads With $6.3 Million
The UAE delivered the single largest slice of the deal USD 6.3 million from leading oil and gas operators. Avanceon will integrate advanced control and safety systems into well operations, linking them to central monitoring platforms through what the company describes as globally proven technology. For a Pakistani engineering firm, landing safety-critical work with Gulf oil and gas majors signals a level of technical trust that smaller regional competitors rarely earn.
Saudi Arabia Adds New Project
Saudi Arabia rounds out the announcement with a USD 1.4 million SCADA modernization contract, where Avanceon will strip out legacy hardware and software in favor of a scalable automation platform built to survive the Kingdom’s aggressive digital transformation timeline under Saudi Vision 2030.
Founded in 1984 and traded in the PSX market under the stock code AVN, Avanceon has established its credibility in the Gulf region in four decades with ISO standards in quality, environment, and occupational safety management, together with certificates from TUV Austria and TRACE International. Currently, the company has operations in Pakistan, Qatar, United Arab Emirates, and Saudi Arabia, thus putting it among the select number of home-grown automation companies competing against multinational integrators for contracts in the Gulf region.
According to Avanceon’s management, the contracts will boost the group’s bottom line and shareholders’ value although it has yet to announce the timeline for the delivery of both projects worth USD 11.6 million.
Faraz Ali Ansari is the Founder & Editor of Focus Pakistan and Founder & CEO of Focus Public Relations. With more than 22 years of experience in journalism, media relations and strategic communications, he covers business, economy, aviation, technology, public policy and corporate affairs. He has worked with leading national and international organizations across multiple sectors.
