KHOBAR Saudi Arabia, (Reuters) – State oil firm Saudi Aramco has signed multi-billion-dollar contracts to build a new refinery at Yanbu on Saudi Arabia’s Red Sea coast, industry sources said on Wednesday.

South Korea’s Daelim Industrial 00210.KS won two contracts to build a gasoline unit and a hydrocracker. South Korea’s SK Engineering won a contract to build a crude unit.

Spain’s Tecnicas Reunidas won a contract to build coking unit.

India’s Punj Lloyd also won a deal to build some offsite infrastructure and pipelines while Egypt’s Engineering for the Petroleum and Process Industries would build a tank farm, the sources said.