Company: Samsung C&T
Designation: Sr. Executive Vice President
Samsung C&T has every right to be pleased with itself given some of the big projects it has picked up over the past year. For example, in transportation it has won a $1.4bn consortium deal to work on Doha Metro’s major stations (Msheireb Downtown Doha and Education City) alongside Spain’s Obrascon Huarte Lain and Qatar Building Company, with its portion of the deal worth $700mn.
It is also working on the $8bn third package of the Riyadh Metro as part of a consortium with France’s Alstom, Freyssinet Saudi Arabia, Strukton, Typsa and Setec, bringing in another $2.22bn. The consortium will build 25 stations on the three lines and 64.6km of track – 26.6km of which will be underground.
Meanwhile, Samsung C&T is powering ahead in the energy sector, picking up a $1.2bn EPC contract for the Rabigh II Independent Power Project (R2IPP) in Saudi Arabia, and another EPC contract to build two power plants for $1.37bn in Algeria, for Sonelgaz Electricity Production Company. The firm’s joint venture with Sixco has finally completed the prestigious, $1.54bn Cleveland Clinic Abu Dhabi project.
Senior executive vice president Ahmad Abdelrazaq, who is based at Samsung’s corporate HQ in South Korea, joined Samsung in 2004 to work on the Burj Khalifa.