Wednesday 20 June 2018

Samsung wins $462m Saudi plant order

Seoul, February 14, 2011

South Korea's Samsung Engineering said on Monday it has won a 520 billion won ($461.7 million) combined heat and power plant order from Saudi Arabia.

 The company said in a filing with the stock exchange that the order was for Saudi Arabia's Aramco gas development project in the Wasit region.

Yesterday, it was announced that South Korea's SK Engineering & Construction had signed deals worth $1.9 billion with  Aramco for the gas plant.     

In late January, Aramco awarded deals to SK E&C and Samsung Engineering.

SK added in a statement that the construction period would be within 38 months, ending in 2014. - Reuters



Tags: Saudi | aramco | Samsung Engineering | Korea | gas plant | Wasit |

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