Al Shola Gas Secures $2.7M in New Contracts and Expands LPG Supply in Dubai

Reuters

22 May

Al Shola Gas Secures $2.7M in New Contracts and Expands LPG Supply in Dubai

Al Shola Al Modea Gas Distribution LLC, a majority-owned subsidiary of Fusion Fuel Green PLC, has secured an estimated $2.7 million in new engineering contracts since March 2025, reflecting significant growth and market trust in its capabilities. The company has also expanded its residential utility services, adding over 1,800 new service contracts in Dubai, UAE, leading to an anticipated annual recurring revenue of $0.9 million. Commercially, Al Shola Gas has signed contracts with two food and beverage facilities, now managing billing for over 170 outlets. The company is also enhancing its bulk LPG supply, currently exceeding 600 MT monthly, with expectations to reach 800 MT by year's end. These developments underscore Al Shola Gas's operational success and its role in the growing UAE construction and migration sectors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fusion Fuel Green plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-046597), on May 22, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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