Two S. Korean builders win huge deals from UAE

SEOUL, July 16 (Yonhap) -- Two South Korean construction giants said Thursday they have won massive orders to build integrated gas facilities in the United Arab Emirates, the latest in a series of mega deals clinched in the Middle East region.

GS Engineering & Construction Corp., South Korea's No. 2 builder, said that a
consortium led by it has won a US$2.2 billion order to build a gas plant facility
in the Habshan region of the UAE. The South Korean company owns a 55-percent
interest in the consortium.
Hyundai Engineering & Construction Co., the country's third-largest builder, said
it has clinched a $1.7 billion deal to build gas facilities in the area.
The UAE's state-run Abu Dhabi Gas Industries Ltd., known as GASCO, has awarded
contracts worth $9.2 billion to international firms to build gas storage tanks,
gas treatment and other related facilities.
Last week, three other South Korean builders -- Daelim Industrial Co., SK
Engineering & Construction Co. and Samsung Engineering Co. -- obtained a combined
$2.8 billion order from Saudi Arabia to build a refinery and petrochemical plant
complex in the country.
Samsung Engineering has recently won an order worth $2.6 billion to renovate an
oil refinery in Algeria.