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Tuesday, 24 November 2009 09:58 UAE time

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Korean group nets lucrative Qatar deal

by ArabianBusiness.com staff writer  on Sunday, 15 April 2007

Energy City Qatar has signed a US$17.9m land and development deal with steel pipe manufacturer Hyojong Industrial.

Hyojong president Yousef Al Kuwari said: "This deal is a step towards realising our ambitious plans and immense growth not only in the local market but also abroad.

"Hyojong's quality manufacturing with Energy City Qatar's vision to establish a sustainable setup for the Oil and Gas industry demonstrates our commitment to excellence and quality end product," he added.

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Hyojong Industry is an alliance between Qatar Promotion Board lead by Sheikh Hamas bin Abdoulaziz Al Thani and Hyojong's original Korean owners.

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