Hyundai clinches $210 million power contracts in Saudi
South Korea's Hyundai Engineering and Construction Co. has won three power contracts worth of a total of $210 million dollars in Saudi Arabia, a newspaper reported Saturday.
The projects cover construction of overhead transmission lines between Riyadh and Qassim, a fuel gas scheme and extension of a power plant, the latter two to be completed in a year, Arab News said.
A Hyundai spokesman told the daily that further projects were in the pipeline.
Officials from Saudi state oil giant Aramco visited Seoul last month to discuss construction of a 1.5 billion dollar oil and gas treatment plant in the kingdom, the spokemsan said.
Hyundai has built several prestige projects in Saudi Arabia, including the one billion dollar industrial harbour at Jubail in the northeast and the 616 million dollar King Fahd Medical City in Riyadh. – (AFP)
© Agence France Presse 2000
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