At US$3.6 bln, South Korean contractors' construction orders in Saudi Arabia are expected to surpass US$3 billion this year, for various Saudi infrastructure, including petrochemical and power plants. The deals include:
* Daelim Industrial Co.’s letter of intent (expected to materialize into a formal contract in July) with Kayan, a subsidiary of Saudi Arabian conglomerate Saudi Basic Industries Corp., for the construction of a US$1 billion polycarbonate plant.
* Samsung Engineerings’ order from Kayan for a US$330 million petrochemical plant.
* Hanwha Construction’s US$500 million order with Safra Co. Ltd. for the construction of a Saudi petrochemical plant.
26-Mar-07 
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