By Staff writer
Korean engineering and construction firm wins order to build a hospital in Qatar, over 34 months
Hyundai Engineering &
Construction Co Ltd said on Thursday that it has won a 616.3 billion won
($534.1m) order to build a hospital in Qatar.
The country's largest builder said in a filing to the
Korea Exchange that the construction period was 34 months, according to a newswire
Reuters report on Thursday.
Hyundai is one of the many Korean firms that have entered
into business deals in the Middle East.
Korea Investment Corp will invest $50m in an
infrastructure fund run by Mubadala Development Co, the investment arm of the
Abu Dhabi government, South Korea’s sovereign wealth fund said.
International Petrochemical Co (Sipchem) said on Wednesday its affiliate
awarded South Korea's GS Engineering and Construction a contract to build a
petrochemicals plant as part Sipchem's third expansion phase.
vibrant natural gas sector will propel the country to a 20 percent growth rate
next year, the International Monetary Fund said earlier this week.
runaway expansion, inflation will remain subdued at three percent, the fund
For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.