Dubai September 01,2021: Avanceon FZE, a wholly owned subsidiary of Avanceon Limited established in the Middle East, has been awarded a multimillion US dollar, nine-year extension on its contract to maintain and support operations of Dubai Metro.
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The After-Market Support (AMS) arm of Octopus Digital Limited will execute this project. AMS has been maintaining operations for Dubai Metro since 2014. This new maintenance contract will see Octopus Digital’s AMS maintain end-to-end Integrated control systems installed base across the Green Line as well as the Red Line for Dubai Metro from September 2021 through September 2030.
This contract execution gives a pathway for positive impact on group’s business and value for its shareholders says Avanceon Chief Executive Officer Bakhtiar Hameed Wain