Hyundai E&C

Hyundai Engineering and Construction (E&C) has signed a contract to build a project for Saudi Aramco’s Uthmaniyah plant for $727mn (833.10bn won). According to a statement released by Hyundai, the contract is expected to be completed by November 26th, 2019. Moreover, the highlight of Hyundai E&C’s operations in the Middle East came in Q1 this year, when it clinched a $3.2bn project in Iran – the largest deal ever for a Korean construction company operating in the Islamic Republic. The contract was awarded by AHDAF for constructing the second phase of the Kangan Petro Refining Complex project at the South Pars gas field in the Gulf’s waters.