# Doosan Heavy Industries wins KRW 1.01 trillion contract for Saudi casting and forging plant

Doosan Heavy Industries & Construction signed a contract with Tuwaiq Casting & Forging Company to build a casting and forging plant in Saudi Arabia. The contract is valued at KRW 1.01 trillion (approx. USD 846 million) and runs from 15 February 2022 to 14 January 2025.

- Type: Contract
- Announced: 2022-02-11
- Where: Saudi Arabia, Saudi Arabia
- Value: $846.0M (1010.7B KRW)
- Status: announced
- Capacity: 60,000 tons per year
- Products: casting and forging plant construction
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Doosan Heavy Industries & Construction](https://endata.com/companies/997.md)
- [Saudi Arabian Industrial Investments Company](https://endata.com/companies/20041.md) (partner)
- [Saudi Aramco Development Company](https://endata.com/companies/47308.md) (partner)
- [Saudi Arabian Industrial Investments Company (Dussur)](https://endata.com/companies/59444.md) (partner)
- [Tuwaiq Casting & Forging Company](https://endata.com/companies/60997.md) (customer)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/2787144), 2022-02-11: "두산중공업은 Tuwaiq Casting & Forging Company와 사우디아라비아 주조/단조 공장 건설 PJT 계약을 체결했다고 11일 공시했다."
- [meconstructionnews.com](https://meconstructionnews.com/51246/south-koreas-doosan-heavy-to-build-834m-casting-and-forging-facility-in-ksa), 2022-02-14: "Doosan Heavy Industries and Construction Company...has announced that it has secured a $834 million EPC contract to build a casting and forging facility"
- [constructiondigital.com](https://constructiondigital.com/construction-projects/south-koreas-doosan-wins-834mn-saudi-epc-contract), 2022-02-14: "South Korea’s Doosan Heavy Industries and Construction Company has won a US$834mn EPC contract to build a casting and forging facility at the King Salman International Maritime Industries Complex."
- [gulfconstructiononline.com](https://gulfconstructiononline.com/Article/1626718/Doosan_Heavy_wins_$834m_forging_plant_deal), 2022-03-01: "Work will begin soon on the 400,000-sq-m casting and forging facility and is due for completion in the first quarter of 2025."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.