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.
Companies asked to submit bids for contract in eastern Iraq by 10 August
A new refinery or expansion of current facilities are the two options are being considered
Crude oil feedstock pipeline vital to Kuwait $15bn New Refinery Project
State-owned oil major now majority shareholder in South Korean oil refinery
State-owned oil major to oversee construction of sports facilities as part of King Abdullah Programme
Developer will hold a 20 per cent equity stake in the project
Financing deal marks growing international bank appetite for Saudi Arabian Mining Company
Maaden financing features export credit agency support from South Korea and Canada
Licensee of US firm Foster Wheeler will provide heat recovery generators for Rabigh 2 power plant
Front-end engineering and design being reconfigured to fit new scope of work for the Ras Tanura refinery clean fuels and aromatics project
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