Three S. Korean firms win huge deals from UAE

(ATTN: CHANGES headline, lead; ADDS Hyundai Heavy's order in 4th para)
SEOUL, July 16 (Yonhap) -- GS Engineering & Construction Corp. and two other
South Korean companies have won multi-billion dollar orders to build integrated
gas facilities and a power station in the United Arab Emirates, the firms said
Thursday.
GS Engineering & Construction, 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.
Hyundai Heavy Industries Co., the world's largest shipbuilder, has also clinched
a $1.5 billion deal to build a power plant there.
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
complex in the country.
Samsung Engineering has recently won an order worth $2.6 billion to renovate an
oil refinery in Algeria.
sam@yna.co.kr
(END)