Samsung Engineering Co Ltd said its consortium with China's Shanghai Electric and Saudi Arabia's Al Toukhi was awarded a $3 billion order to build a power and desalination plant in Yanbu, Saudi Arabia.
The South Korean engineering firm said in a regulatory filing it is set to receive $1.5 billion out of the $3 billion order. The project is slated to take 48 months to complete.
Reuters
10 December
Samsung says consortium wins $3 billion Saudi Arabia order
Reuters
The resource of credible, industry-specific updates