Korean firms to build major gas plant in Saudi Arabia
Two South Korean firms said they have won a combined $2.5 billion order from a Saudi state oil company to build a major gas plant in the kingdom. According to AFP, SK Engineering and Construction secured a $1.9 billion order while Samsung Engineering secured a $600 million contract for the plant, north of Jubail, which will be capable of handling 70 million cubic meters of gas per day.
The plant will be the biggest of its kind in Saudi Arabia when it is completed in 2014, the companies said on Sunday.
Kim Hyo-won, an executive at the International Construction Information Service, said, "It is a promising start towards Korea's goal of winning $80 billion in overseas deals this year."