Tuesday, March 1, 2011

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.

Arabic coffee poured to welcome Korean firms
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/main-headlines/korean-firms-build-major-gas-plant-saudi-arabia

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