Establishment : 1997
AREF Energy shareholding : 64 %

HSPIC is active in the civil /infrastructure and the oil & gas industries including contracting activities , oil drilling and oil & gas plant construction . the company also has equity investments in oil & gas licensed blocks in North Africia.

Competitive Advantage
HSPIC  has the advantage of large scale operations and asset base combined with long operational experience in North Africia which earned them a leading position as preferred contractor for government projects such projects have the benefits of reduced risk and guaranteed  revenue stream .

Future Prospect
The company is planning to undergo a high level restructuring to identify and focus on strategically attractive business activities and potential areas for efficiency enhancement and value addition .

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