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Hyundai Consortium Wins $2 Bln Saudi Order -Report - ASHARQ AL-AWSAT English Archive
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SEOUL, (Reuters) – A consortium led by South Korea’s Hyundai Heavy Industries Co has won a $2 billion power plant order in Saudi Arabia, the online eDaily reported on Monday.

Citing South Korea’s Economy Ministry and unnamed industry sources, the report said the consortium was picked as the preferred negotiator for the project last Friday.

Hyundai Heavy said it had not been informed of the reported outcome.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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