Samsung Engineering wins $1.85B building contract

Home > Business > Industry

print dictionary print

Samsung Engineering wins $1.85B building contract

Samsung 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.

Yonhap

More in Industry

Hanjin Transportation selling 100 billion won of new shares

GS Retail has tough second quarter

Rain ready

I'm flying

Kakao sees record net profit at 145 billion won in Q2

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now