Advances to Contractor |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Advances to Contractor [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| Advances to Contractor |
In 2024, the Group capitalized USD 204,000 in Property, plant and equipment. The above amounts in 2023 represents payments made to Audex Fujairah LL FZE and Audex Pte Ltd, Singapore (together “Audex”) for the construction of the Group’s Fujairah Terminal, which were assessed and written-off in 2023 after reconciling the books of accounts with the long-standing EPC partner Audex. |
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