South Korean company bags $189mln contract to build petchem facility in Saudi Arabia
14 August 2024
South Korea’s SGC Engineering & Construction (E&C) has won a $189 million construction contract from Saudi International Petrochemical Company (Sipchem) for a petrochemical facility in Saudi Arabia. The project involves building an ethylene-vinyl acetate (EVA) facility in the Jubail Industrial City, The Korea Economic Daily reported.
The Korean company bagged new orders worth $870 million in Saudi Arabia this year, the report said.
The other Saudi projects include a $500 million ethylene and propylene facility and a $181 million isopropyl alcohol facility.
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