Korean constructing firms have generated a business of over US$10 billion this year due to the construction upswing in the Middle East.
Daelim Industrial Co of Korea and Technimont of Italy have jointly bagged a US$ 610 mln contract from Sahara-Basell for setting up a polypropylene complex in Saudi Arabia and complete it by November 2008. Daelim has a 53% share and Tecnimont has a 46% share in the partnership.
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