Hyundai E&C-led consortium wins $2.93 billion deal from KuwaitStaff writer ▼ | March 8, 2016
A South Korean consortium led by Hyundai Engineering & Construction got a $2.93 billion construction deal from Kuwait to build liquefied natural gas (LNG)-related facilities.
Gas business Re-gasification facilities and LNG tanks in Al-Zour
Hyundai Engineering accounts for $1.39 billion of the deal, while Hyundai Engineering & Construction and Korea Gas take up $1.52 billion and $120 million, respectively.
Hyundai Engineering will be in charge of the re-gasification plants, while the construction firm will build the LNG tanks and coastal facilities.
The consortium said the project will be finished in 2020. ■