Samsung E&A and GS E&C win $7.2B gas plant expansion deal in Saudi Arabia

Samsung E&A and GS Engineering & Construction won a combined $7.2 billion EPC contract from Saudi Aramco to expand the Fadhili gas plant in Saudi Arabia. Samsung E&A's $6 billion portion covers two gas treatment facilities, and GS E&C's $1.22 billion portion covers a sulfur recovery unit.

“The deal is the result of an agreement reached during President Yoon Suk Yeol's state visit to Saudi Arabia last October to strengthen cooperation between the two countries in construction and infrastructure.”en.yna.co.kr

• 4 sources
• en.yna.co.kr(LEAD) S. Korean firms win US$7.2 bln gas plant deal in Saudi Arabia | Yonhap News AgencyYoung-Sup KwakApr 3, 2024
• asiae.co.krSamsung E&A and GS Construction Win 9.7 Trillion KRW Saudi Plant Project (Comprehensive) - The Asia Business DailyHan Jinjoo by Kim HyeongMin by Lee KiminApr 3, 2024
• koreaittimes.comSamsung E&A and GS E&C Secure $7.22 Billion Contracts for Gas Plant Construction in Saudi Arabia - Korea IT TimesLee Jun-sungApr 3, 2024
• m.koreaherald.comSamsung, GS win record gas plant deals in Saudi ArabiaKim Hae-yeonApr 3, 2024

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