Korea's Hanwha Wins $400m Construction Deal from Saudi Arabia
Hanwha
Seoul - QNA
Hanwha Engineering and Construction Corp., a major South Korean builder, said Monday that it has won a deal to build a chemical plant in Saudi Arabia for about US$400 million.
The deal signed last week, local time, with Saudi Calcined Petroleum Co. called for Hanwha E&C to build the plant in an industrial complex located in the southeast region of the Middle East country, according to South Korea's (Yonhap) News Agency.
The plant, if completed as planned during the first half of 2018, will be able to produce about 670,000 tons of petroleum-related products annually, the company said.
The deal followed the construction of an ethylamine chemical plant by Hanwha E&C in Saudi Arabia in 2010.
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