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Samsung Engineering says consortium wins $3 billion Saudi Arabia order
December 10, 2012 / 7:13 AM / 5 years ago

Samsung Engineering says consortium wins $3 billion Saudi Arabia order

SEOUL (Reuters) - Samsung Engineering Co Ltd (028050.KS) said on Monday 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.

Reporting by Joyce Lee; Editing by Richard Pullin

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