# HD Hyundai Electric wins KRW 94.3 billion power equipment order in Saudi Arabia

HD Hyundai Electric signed a contract worth 94.3 billion won (approx. $72 million) with a Saudi EPC firm to supply transformers, high-voltage circuit breakers, and reactors for the Diriyah Gate new city development project. Delivery is scheduled by December 2024.

- Type: Contract
- Announced: 2023-11-24
- Where: Diriyah, Saudi Arabia
- Value: $72.3M (94.3B KRW)
- Status: announced
- Products: transformers, high-voltage circuit breakers, reactors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [HD Hyundai Electric](https://endata.com/companies/15628.md)

## Sources

- [consumuch.com](https://www.consumuch.com/news/articleView.html?idxno=62334), 2023-11-24: "HD현대일렉트릭은 최근 사우디 소재 EPC(설계·조달·시공) 전문기업과 총 943억 원 규모의 변압기와 고압차단기, 리액터 등 전력기기에 대한 공급 계약을 체결했다."
- [kedglobal.com](https://www.kedglobal.com/construction/newsView/ked202311240007), 2023-11-24: "HD Hyundai Electric Co. has won a 94.3 billion won ($72.3 million) deal to supply power equipment for Saudi Arabia's new city development project near the Diriyah archaeological site."
- [transformer-technology.com](https://transformer-technology.com/hd-hyundai-electric-wins-72-3-million-contract-for-saudi-arabian-city-development/), 2023-11-27: "This landmark deal...represents the largest order ever received by HD Hyundai Electric from Saudi Arabia."

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