Samsung Engineering wins $1.85B building contractSamsung Engineering, Korea’s largest industrial plant builder, said Tuesday it has clinched a $1.85 billion order to build gas facilities in Saudi Arabia.
Under a deal with Saudi Aramco on Thursday, Samsung Engineering will build a gas facility capable of storing 1.5 billion cubic feet per day and another gas facility capable of reprocessing 2 billion cubic feet per day in Hawiyah, 260 kilometers (160 miles) east of Saudi Arabia’s capital Riyadh.
Samsung Engineering said it will execute the entire engineering, procurement and construction process, and expects the project to be completed in 2023.
Since its first entry into Saudi Arabia in 2003, Samsung Engineering has carried out more than 30 projects worth about 17.7 trillion won, half of which are Aramco projects.
More in Industry
Hanjin Transportation selling 100 billion won of new shares
GS Retail has tough second quarter
Kakao sees record net profit at 145 billion won in Q2