Our Network

Register for our free newsletter

 
 
Latest News

Saudi firm wins contract in UAE with Korean company

Construction will start in February and run through December 2012.

January 3, 2011 12:31 by



Saudi Arabia’s Mohammad Al-Mojil Group signed on Monday a 197 million riyal contract ($52.5 million) with South Korea’s Hyundai Engineering and Construction Co  to build an engine oil factory in Abu Dhabi.

Construction will start in February and run through December 2012, according to a statement posted on the Saudi bourse website.

The project is the Saudi company’s first in the United Arab Emirates, the statement said.

(Writing by Mahmoud Habboush)



0

Tags: , , ,

Leave a Comment