Middle-east Arab News Opinion | Asharq Al-awsat

S.Korea's STX Heavy Industries Builds Saudi Plants - ASHARQ AL-AWSAT English Archive
Select Page

SEOUL (AFP) – South Korea’s STX Heavy Industries said Thursday it has signed a preliminary 1.1 billion dollar deal to build chemical plants in western Saudi Arabia.

The company said in a statement it signed the agreement with the Al Rajhi Group to build two chemical plants at the Yanbu industrial complex by 2014.

One plant will produce an annual 6,000 tons of polysilicon, a major component of solar cells. The other will make 100,000 tons of linear alkyl benzene used for producing detergent.

In September last year the company won a 200-million-dollar deal to build a steel plant for Saudi’s South Steel Company, its first deal in the Middle Eastern country.

It also in February secured an initial three billion dollar deal to build a power plant and a steel-making plant for the Iraqi government.

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.

More Posts

Follow Me:
FacebookGoogle PlusYouTube