South Korea and the Middle East
News, data and analysis on South Korean companies working on projects in the Middle
South Korea Companies
Hyundai Heavy Industries of South Korea was established in 1973 and is active in shipbuilding, power, desalination and oil and gas projects
Daewoo Engineering & Construction founded in 1973 is a Korean construction company active in civil, power, industrial plants and LNG projects
Samsung Engineering provides EPC services to the gas, petrochemical, power, industrial and water industries.
South Korean steel producer Posco provides services to the construction, automobile and shipbuilding industries.
South Korean firm Daelim Industrial services the engineering, construction and petrochemical industries.
Eight contractors have been prequalified for the Kuwait overhead lines tender
Revised expansion of Saudi Arabia’s largest oil refinery expected to retendered in third quarter
Seven companies prequalified in 2012 for work at Bubiyan port
Disparity between bids and project’s budget blamed for delays
Companies asked to submit bids by 10 August
Prequalification for the project was first opened in 2012
10 groups invited to submit bids for Wafra project in Kuwait
Companies submit bids to construct first phase of Lower Fars heavy oil development project
Local group considers remarkable run of contracts in Abu Dhabi offshore sector
Companies asked to submit bids for contract in eastern Iraq by 10 August
In May 2013, Saudi Arabia’s Prince Sultan bin Salman bin Abdulaziz al-Saud met South Korean Foreign Minister Yun Byung-se to celebrate the 50th anniversary of diplomatic relations between the two countries
MEED’s annual review of oil and gas engineering, procurement and construction contract awards in the GCC shows South Korean firms are increasing their dominance of the market
US companies lose the top spot on contract wins in the region
The award in December, of an estimated $20bn contract to a South Korean-led consortium to design and build nuclear power stations in Abu Dhabi is the culmination of three decades of hard work by South Korean companies in the region. From being a very minor player 30 years ago, Korea is today one of the region’s main providers of consumer goods and engineering services.
See all articles in MEED on key South Korean companies